[ad_1]
Enphase Energy (ENPH) closed at $ 22.08 on the last trading day, marking a -0.54% change from the previous day. This was less than the 0.07% loss recorded by the S & P 500 that day. At the same time, the Dow Jones added 0.14% and the Nasdaq, a techie company, lost 0.22%.
Prior to trading today, shares in the solar technology company had lost 25.45% over the past month. This lagged the Petroleum Energy sector's 3.92% gain and the S & P 500's 4.58% gain over this period.
Investors hope that ENPH will strengthen in the run-up to the publication of its next results. According to forecasts, ENPH should report a profit of 0.20 USD per share on that day, which would represent a growth of 780% from one year to the next. At the same time, Zacks consensus revenue estimates net sales of $ 176.60 million, up 126.41% over the same period last year.
According to our consensus estimates for Zacks, analysts expect earnings per share of $ 0.54 and revenues of $ 603.50 million. These totals would mark changes of + 553.33% and + 90.88%, respectively, compared to last year.
It is also important to note recent changes in analysts' estimates for ENPH. These revisions help to show the ever-changing nature of short-term business trends. In this spirit, we can consider revisions of positive estimates as a sign of optimism about the company's business prospects.
Our research shows that these estimation changes are directly related to short-term share prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these changes in estimates and provides a clear and usable scoring model.
The Zacks ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive history of unaudited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. In the past 30 days, our EPS consensus projection stagnated. ENPH currently has a Zack ranking of # 2 (Buy).
In terms of valuation, ENPH is currently trading at a Forward P / E ratio of 28.03. In comparison, its sector has an average P / E of 22.26, which means that ENPH is trading at a higher price than the group.
The solar industry is part of the oils and energy sector. This industry is currently ranked 31st in the Zacks industry, placing it in the top 13% of 250+ industries.
The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks ranking of individual actions within groups. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to follow all these stock transfer measures, and more, in the next trading sessions.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 best actions for the next 30 days. Click to get this free report
& nbsp;
Enphase Energy, Inc. (ENPH): Free Stock Analysis Report
& nbsp;
To read this article on Zacks.com, click here."data-reactid =" 29 ">
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 best actions for the next 30 days. Click to get this free report
Enphase Energy, Inc. (ENPH): Free Stock Analysis Report
To read this article on Zacks.com, click here.
[ad_2]
Source link