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Sunrun (RUN) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest trading session, Sunrun (RUN - Free Report) closed at $7.64, marking a -1.67% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.2%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.04%.
Prior to today's trading, shares of the solar energy products distributor had lost 13.28% lagged the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
The upcoming earnings release of Sunrun will be of great interest to investors. In that report, analysts expect Sunrun to post earnings of $0.16 per share. This would mark year-over-year growth of 166.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $773.4 million, indicating a 6.74% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.19 per share and a revenue of $3.12 billion, signifying shifts of -30.41% and +5.49%, respectively, from the last 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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.33% rise in the Zacks Consensus EPS estimate. Sunrun is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Sunrun is presently trading at a Forward P/E ratio of 6.55. This expresses a discount compared to the average Forward P/E of 13.31 of its industry.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 212, placing it within the bottom 14% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Sunrun (RUN) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Sunrun (RUN - Free Report) closed at $7.64, marking a -1.67% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.2%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.04%.
Prior to today's trading, shares of the solar energy products distributor had lost 13.28% lagged the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
The upcoming earnings release of Sunrun will be of great interest to investors. In that report, analysts expect Sunrun to post earnings of $0.16 per share. This would mark year-over-year growth of 166.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $773.4 million, indicating a 6.74% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.19 per share and a revenue of $3.12 billion, signifying shifts of -30.41% and +5.49%, respectively, from the last 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, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.33% rise in the Zacks Consensus EPS estimate. Sunrun is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Sunrun is presently trading at a Forward P/E ratio of 6.55. This expresses a discount compared to the average Forward P/E of 13.31 of its industry.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 212, placing it within the bottom 14% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.