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Sunrun (RUN) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Sunrun (RUN - Free Report) closed at $8.35, marking a -5.01% move from the previous day. This move lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.13%.
Heading into today, shares of the solar energy products distributor had lost 4.35% over the past month, lagging the Oils-Energy sector's loss of 1.06% and the S&P 500's gain of 1.26%.
The investment community will be closely monitoring the performance of Sunrun in its forthcoming earnings report. The company is expected to report EPS of $0.16, up 166.67% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $773.4 million, indicating a 6.74% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.19 per share and revenue of $3.12 billion, which would represent changes of -30.41% and +5.49%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Sunrun. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Sunrun is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Sunrun is holding a Forward P/E ratio of 7.41. This valuation marks a discount compared to its industry average Forward P/E of 14.48.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 236, putting it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Sunrun (RUN) Dips More Than Broader Market: What You Should Know
In the latest trading session, Sunrun (RUN - Free Report) closed at $8.35, marking a -5.01% move from the previous day. This move lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.13%.
Heading into today, shares of the solar energy products distributor had lost 4.35% over the past month, lagging the Oils-Energy sector's loss of 1.06% and the S&P 500's gain of 1.26%.
The investment community will be closely monitoring the performance of Sunrun in its forthcoming earnings report. The company is expected to report EPS of $0.16, up 166.67% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $773.4 million, indicating a 6.74% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.19 per share and revenue of $3.12 billion, which would represent changes of -30.41% and +5.49%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Sunrun. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Sunrun is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Sunrun is holding a Forward P/E ratio of 7.41. This valuation marks a discount compared to its industry average Forward P/E of 14.48.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 236, putting it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.