Sunrun Inc. (RUN - Free Report) is set to release fourth-quarter and 2018 results on Feb 28, after the market closes.
In the last reported quarter, the company witnessed a negative earnings surprise of 105.88%. Moreover, it missed the Zacks Consensus Estimate in three of the trailing four quarters, the average being 54.25%.
Let’s see how things are shaping up prior to this announcement.
Factors at Play
Notably, Sunrun achieved 100% megawatt deployment growth by adding more than 13,000 customers during the third quarter of 2018. Considering the increased traction of solar energy in America lately, we may expect the upcoming results to reflect impressive megawatt deployment growth for the company. This, in turn, should boost the top line.
Currently, the Zacks Consensus Estimate for fourth-quarter revenues of $177 million represents rise of 21.2% on a year-over-year basis.
Sunrun achieved 9% annual cost reductions for the last three years. To this end, we expect this trend to continue further and positively impact bottom-line results in the to-be-reported quarter. In line with this, the Zacks Consensus Estimate for Sunrun’s fourth-quarter earnings pegged at 46 cents reflects year-over-year improvement of 84%.
Moreover, during the third-quarter earnings call, Sunrun anticipated the overall project finance activities to increase cash in the fourth quarter. This should get duly reflected in the upcoming quarterly results.
Sunrun Inc. Price and EPS Surprise