We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sunrun (RUN) to Report Q4 Earnings: What's in the Cards?
Read MoreHide Full Article
Sunrun Inc. (RUN - Free Report) is set to report fourth-quarter 2020 results on Feb 25, after market close.
In the last reported quarter, the company witnessed an earnings surprise of 1,300.00%. In the trailing four quarters, Sunrun delivered earnings surprise of 90.51%, on average.
Let's take a closer look at the factors likely to influence the company’s upcoming quarterly results.
Factors to Consider
Although Sunrun experienced lower order volumes initially during the pandemic, over the past few months, a modest recovery in that situation has been observed. Notably, the company witnessed sales productivity improvement of around 40% in the third quarter of 2020 compared with the year-ago period, along with solid customer growth. Considering the fact that demand in the solar market has been rising lately, we expect the aforementioned trend to have boosted Sunrun’s revenues in the fourth quarter as well.
Moreover, following the Vivint Solar acquisition last year, the company has been able to more than double its battery attachment rate in California, which in turn is expected to have contributed favorably to its fourth-quarter revenues, as a whole. Further, rapid adoption of electric vehicles in recent times must have also benefited the quarterly top-line performance.
Notably, the Zacks Consensus Estimate for fourth-quarter sales is pegged at $316.9 million, which indicates a 30% increase from the year-ago quarter’s reported figure.
The company earlier announced its expectation of witnessing solid margin expansion in the fourth quarter driven by higher order volumes, thereby benefitting its bottom line. However, integration costs related to
its Vivint Solar acquisition might have weighed on Sunrun’s overall earnings performance in the fourth quarter.
The Zacks Consensus Estimate for the company’s fourth-quarter earnings is pegged at 7 cents per share, implying a deterioration of 30% from the year-ago quarter’s reported earnings.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Sunrun this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But this is not the case here.
Earnings ESP: The company’s Earnings ESP is -129.79%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Enphase Energy (ENPH - Free Report) reported fourth-quarter 2020 adjusted earnings of 51 cents per share, which surpassed the Zacks Consensus Estimate of 40 cents by 27.5%.
SunPower Corp. reported adjusted earnings of 14 cents per share for fourth-quarter 2020, surpassing the Zacks Consensus Estimate of 10 cents by 40%.
An Upcoming Solar Release
FirstSolar (FSLR - Free Report) is set to release fourth-quarter 2020 results on Feb 25.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early. See the 5 high-tech stocks now>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sunrun (RUN) to Report Q4 Earnings: What's in the Cards?
Sunrun Inc. (RUN - Free Report) is set to report fourth-quarter 2020 results on Feb 25, after market close.
In the last reported quarter, the company witnessed an earnings surprise of 1,300.00%. In the trailing four quarters, Sunrun delivered earnings surprise of 90.51%, on average.
Let's take a closer look at the factors likely to influence the company’s upcoming quarterly results.
Factors to Consider
Although Sunrun experienced lower order volumes initially during the pandemic, over the past few months, a modest recovery in that situation has been observed. Notably, the company witnessed sales productivity improvement of around 40% in the third quarter of 2020 compared with the year-ago period, along with solid customer growth. Considering the fact that demand in the solar market has been rising lately, we expect the aforementioned trend to have boosted Sunrun’s revenues in the fourth quarter as well.
Sunrun Inc. Price and EPS Surprise
Sunrun Inc. price-eps-surprise | Sunrun Inc. Quote
Moreover, following the Vivint Solar acquisition last year, the company has been able to more than double its battery attachment rate in California, which in turn is expected to have contributed favorably to its fourth-quarter revenues, as a whole. Further, rapid adoption of electric vehicles in recent times must have also benefited the quarterly top-line performance.
Notably, the Zacks Consensus Estimate for fourth-quarter sales is pegged at $316.9 million, which indicates a 30% increase from the year-ago quarter’s reported figure.
The company earlier announced its expectation of witnessing solid margin expansion in the fourth quarter driven by higher order volumes, thereby benefitting its bottom line. However, integration costs related to
its Vivint Solar acquisition might have weighed on Sunrun’s overall earnings performance in the fourth quarter.
The Zacks Consensus Estimate for the company’s fourth-quarter earnings is pegged at 7 cents per share, implying a deterioration of 30% from the year-ago quarter’s reported earnings.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for Sunrun this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But this is not the case here.
Earnings ESP: The company’s Earnings ESP is -129.79%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Sunrun currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Solar Releases
Enphase Energy (ENPH - Free Report) reported fourth-quarter 2020 adjusted earnings of 51 cents per share, which surpassed the Zacks Consensus Estimate of 40 cents by 27.5%.
SunPower Corp. reported adjusted earnings of 14 cents per share for fourth-quarter 2020, surpassing the Zacks Consensus Estimate of 10 cents by 40%.
An Upcoming Solar Release
FirstSolar (FSLR - Free Report) is set to release fourth-quarter 2020 results on Feb 25.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>