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SolarEdge Technologies (SEDG) Increases Despite Market Slip: Here's What You Need to Know
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In the latest close session, SolarEdge Technologies (SEDG - Free Report) was up +1.11% at $31.87. The stock outperformed the S&P 500, which registered a daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
Coming into today, shares of the photovoltaic products maker had lost 2.99% in the past month. In that same time, the Oils-Energy sector lost 0.62%, while the S&P 500 lost 0.42%.
Investors will be eagerly watching for the performance of SolarEdge Technologies in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.05, signifying a 116.13% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $328.78 million, showing a 3.35% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.16 per share and a revenue of $1.3 billion, representing changes of +93.28% and +10.08%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SolarEdge Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.04% increase. SolarEdge Technologies currently has a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 210, finds itself in the bottom 15% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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SolarEdge Technologies (SEDG) Increases Despite Market Slip: Here's What You Need to Know
In the latest close session, SolarEdge Technologies (SEDG - Free Report) was up +1.11% at $31.87. The stock outperformed the S&P 500, which registered a daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
Coming into today, shares of the photovoltaic products maker had lost 2.99% in the past month. In that same time, the Oils-Energy sector lost 0.62%, while the S&P 500 lost 0.42%.
Investors will be eagerly watching for the performance of SolarEdge Technologies in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.05, signifying a 116.13% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $328.78 million, showing a 3.35% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.16 per share and a revenue of $1.3 billion, representing changes of +93.28% and +10.08%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SolarEdge Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.04% increase. SolarEdge Technologies currently has a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 210, finds itself in the bottom 15% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.