A Preview Of Enphase Energy's Earnings

Enphase Energy (NASDAQ:ENPH) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.

Analysts estimate that Enphase Energy will report an earnings per share (EPS) of $0.77.

The market awaits Enphase Energy's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Overview of Past Earnings

During the last quarter, the company reported an EPS missed by $0.05, leading to a 12.8% increase in the share price on the subsequent day.

Here's a look at Enphase Energy's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.48

0.40

0.55

1.03

EPS Actual

0.43

0.35

0.54

1.02

Price Change %

13.0%

-6.0%

17.0%

-15.0%

Tracking Enphase Energy's Stock Performance

Shares of Enphase Energy were trading at $91.64 as of October 18. Over the last 52-week period, shares are down 3.85%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

Insights Shared by Analysts on Enphase Energy

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Enphase Energy.

A total of 19 analyst ratings have been received for Enphase Energy, with the consensus rating being Neutral. The average ...