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.
Enphase Energy (ENPH) to Post Q1 Earnings: What's in Store?
Read MoreHide Full Article
Enphase Energy, Inc. (ENPH - Free Report) is scheduled to report first-quarter 2022 results on Apr 26 after the closing bell.
In the last reported quarter, the company delivered an earnings surprise of 28.07%. Enphase Energy has a trailing four-quarter earnings surprise of 29.63%, on average.
Factors to Note
The increased demand for Enphase Energy’s storage systems, particularly in the United States, is likely to have significantly boosted its shipments growth in the first quarter. Moreover, ENPH expects sequential growth of 15% in the shipments of its storage systems in the first quarter. This, in turn, is likely to have enhanced the company’s revenues in the to-be-reported quarter.
Also, the addition of the fully automated line in the last quarter, which assisted in bringing the quarterly capacity to 2.25 million microinverters in Mexico, must have bolstered Enphase Energy’s manufacturing capacity. This, in turn, is likely to have aided the top line of the company.
Moreover, Enphase Energy’s first-quarter top line is projected to have benefited from the growth of the Enphase installer network and the continued adoption of its high-power IQ 8 microinverters.
Apart from the United States, strong demand for ENPH products in Europe and the company’s continued expansion in other regions are expected to have positively impacted Enphase Energy’s top line in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $434.3 million, suggesting growth of 43.9% from the year-ago quarter.
However, higher logistics costs, driven by inflation, are likely to have dented the bottom line of the company in the to-be-reported quarter. However, the anticipated strong revenue performance makes us optimistic about its bottom line in the first quarter.
The Zacks Consensus Estimate for first-quarter earningsis pegged at 65 cents per share, indicating an improvement of 16.1% from the prior-year reported figure.
Our proven model does not conclusively predict an earnings beat for Enphase Energy this time. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
Earnings ESP: ENPH’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are three Solar players you may want to consider as they have the right combination of elements to post an earnings beat this season:
Sunrun (RUN - Free Report) currently has an Earnings ESP of +125.8% and a Zacks Rank #3. The Zacks Consensus Estimate for Sunrun’s Q1 earnings suggests year-over-year growth of 63.6% from the prior-year reported figure.
The Zacks Consensus Estimate for RUN’s Q1 sales implies year-over-year growth of 12.8% from the prior-year reported figure.
SolarEdge Technologies (SEDG - Free Report) currently has an Earnings ESP of +2.08% and a Zacks Rank #3. The Zacks Consensus Estimate for SolarEdge’s Q1 earnings, pegged at $1.32 per share , implies a year-over-year improvement of 34.7% from the prior-year reported figure.
The company boasts a long-term earnings growth rate of 24.7%. SEDG has a four-quarter earnings surprise of 0.42%.
SunPower (SPWR - Free Report) currently has an Earnings ESP of +366.7% and a Zacks Rank #3. The Zacks Consensus Estimate for its Q1 earnings, pegged at 3 cents per share, implies a year-over-year decline of 40% from the prior-year reported figure.
The Zacks Consensus Estimate for SunPower’s Q1 sales suggests year-over-year growth of 9.2% from the prior-year reported figure. SPWR has a four-quarter earnings surprise of 8.33%.
Image: Bigstock
Enphase Energy (ENPH) to Post Q1 Earnings: What's in Store?
Enphase Energy, Inc. (ENPH - Free Report) is scheduled to report first-quarter 2022 results on Apr 26 after the closing bell.
In the last reported quarter, the company delivered an earnings surprise of 28.07%. Enphase Energy has a trailing four-quarter earnings surprise of 29.63%, on average.
Factors to Note
The increased demand for Enphase Energy’s storage systems, particularly in the United States, is likely to have significantly boosted its shipments growth in the first quarter. Moreover, ENPH expects sequential growth of 15% in the shipments of its storage systems in the first quarter. This, in turn, is likely to have enhanced the company’s revenues in the to-be-reported quarter.
Also, the addition of the fully automated line in the last quarter, which assisted in bringing the quarterly capacity to 2.25 million microinverters in Mexico, must have bolstered Enphase Energy’s manufacturing capacity. This, in turn, is likely to have aided the top line of the company.
Moreover, Enphase Energy’s first-quarter top line is projected to have benefited from the growth of the Enphase installer network and the continued adoption of its high-power IQ 8 microinverters.
Apart from the United States, strong demand for ENPH products in Europe and the company’s continued expansion in other regions are expected to have positively impacted Enphase Energy’s top line in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $434.3 million, suggesting growth of 43.9% from the year-ago quarter.
However, higher logistics costs, driven by inflation, are likely to have dented the bottom line of the company in the to-be-reported quarter. However, the anticipated strong revenue performance makes us optimistic about its bottom line in the first quarter.
The Zacks Consensus Estimate for first-quarter earningsis pegged at 65 cents per share, indicating an improvement of 16.1% from the prior-year reported figure.
Enphase Energy, Inc. Price and EPS Surprise
Enphase Energy, Inc. price-eps-surprise | Enphase Energy, Inc. Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Enphase Energy this time. The combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
Earnings ESP: ENPH’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Enphase Energy currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are three Solar players you may want to consider as they have the right combination of elements to post an earnings beat this season:
Sunrun (RUN - Free Report) currently has an Earnings ESP of +125.8% and a Zacks Rank #3. The Zacks Consensus Estimate for Sunrun’s Q1 earnings suggests year-over-year growth of 63.6% from the prior-year reported figure.
The Zacks Consensus Estimate for RUN’s Q1 sales implies year-over-year growth of 12.8% from the prior-year reported figure.
SolarEdge Technologies (SEDG - Free Report) currently has an Earnings ESP of +2.08% and a Zacks Rank #3. The Zacks Consensus Estimate for SolarEdge’s Q1 earnings, pegged at $1.32 per share , implies a year-over-year improvement of 34.7% from the prior-year reported figure.
The company boasts a long-term earnings growth rate of 24.7%. SEDG has a four-quarter earnings surprise of 0.42%.
SunPower (SPWR - Free Report) currently has an Earnings ESP of +366.7% and a Zacks Rank #3. The Zacks Consensus Estimate for its Q1 earnings, pegged at 3 cents per share, implies a year-over-year decline of 40% from the prior-year reported figure.
The Zacks Consensus Estimate for SunPower’s Q1 sales suggests year-over-year growth of 9.2% from the prior-year reported figure. SPWR has a four-quarter earnings surprise of 8.33%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.