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Sunrun (RUN) Exceeds Market Returns: Some Facts to Consider
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Sunrun (RUN - Free Report) ended the recent trading session at $7.77, demonstrating a +2.1% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.58% for the day. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 0.45%.
Coming into today, shares of the solar energy products distributor had lost 14.4% in the past month. In that same time, the Oils-Energy sector lost 0.73%, while the S&P 500 gained 0.84%.
The upcoming earnings release of Sunrun will be of great interest to investors. The company is expected to report EPS of $0.16, up 166.67% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $773.4 million, reflecting a 6.74% rise from the equivalent quarter last year.
RUN's full-year Zacks Consensus Estimates are calling for earnings of $1.19 per share and revenue of $3.12 billion. These results would represent year-over-year changes of -30.41% and +5.49%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sunrun. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
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 0.33% increase. Sunrun currently has a Zacks Rank of #4 (Sell).
Looking at its valuation, Sunrun is holding a Forward P/E ratio of 6.41. This represents a discount compared to its industry average Forward P/E of 13.68.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Sunrun (RUN) Exceeds Market Returns: Some Facts to Consider
Sunrun (RUN - Free Report) ended the recent trading session at $7.77, demonstrating a +2.1% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.58% for the day. Meanwhile, the Dow gained 0.49%, and the Nasdaq, a tech-heavy index, added 0.45%.
Coming into today, shares of the solar energy products distributor had lost 14.4% in the past month. In that same time, the Oils-Energy sector lost 0.73%, while the S&P 500 gained 0.84%.
The upcoming earnings release of Sunrun will be of great interest to investors. The company is expected to report EPS of $0.16, up 166.67% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $773.4 million, reflecting a 6.74% rise from the equivalent quarter last year.
RUN's full-year Zacks Consensus Estimates are calling for earnings of $1.19 per share and revenue of $3.12 billion. These results would represent year-over-year changes of -30.41% and +5.49%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sunrun. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
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 0.33% increase. Sunrun currently has a Zacks Rank of #4 (Sell).
Looking at its valuation, Sunrun is holding a Forward P/E ratio of 6.41. This represents a discount compared to its industry average Forward P/E of 13.68.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.