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SolarEdge Technologies (SEDG) Falls More Steeply Than Broader Market: What Investors Need to Know
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SolarEdge Technologies (SEDG - Free Report) closed at $33.16 in the latest trading session, marking a -2.59% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.66%, and the tech-heavy Nasdaq lost 0.22%.
Heading into today, shares of the photovoltaic products maker had lost 6.56% over the past month, lagging the Oils-Energy sector's gain of 2.42% and the S&P 500's gain of 1.4%.
The upcoming earnings release of SolarEdge Technologies will be of great interest to investors. The company is forecasted to report an EPS of $0.02, showcasing a 106.45% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $328.78 million, down 3.35% from the prior-year quarter.
SEDG's full-year Zacks Consensus Estimates are calling for earnings of -$0.26 per share and revenue of $1.3 billion. These results would represent year-over-year changes of +89.08% and +9.89%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for SolarEdge Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 18.93% fall in the Zacks Consensus EPS estimate. Right now, SolarEdge Technologies possesses a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 221, this industry ranks in the bottom 11% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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SolarEdge Technologies (SEDG) Falls More Steeply Than Broader Market: What Investors Need to Know
SolarEdge Technologies (SEDG - Free Report) closed at $33.16 in the latest trading session, marking a -2.59% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.66%, and the tech-heavy Nasdaq lost 0.22%.
Heading into today, shares of the photovoltaic products maker had lost 6.56% over the past month, lagging the Oils-Energy sector's gain of 2.42% and the S&P 500's gain of 1.4%.
The upcoming earnings release of SolarEdge Technologies will be of great interest to investors. The company is forecasted to report an EPS of $0.02, showcasing a 106.45% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $328.78 million, down 3.35% from the prior-year quarter.
SEDG's full-year Zacks Consensus Estimates are calling for earnings of -$0.26 per share and revenue of $1.3 billion. These results would represent year-over-year changes of +89.08% and +9.89%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for SolarEdge Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 18.93% fall in the Zacks Consensus EPS estimate. Right now, SolarEdge Technologies possesses a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 221, this industry ranks in the bottom 11% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.