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.
SolarEdge Technologies (SEDG) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
SolarEdge Technologies (SEDG - Free Report) closed at $276.30 in the latest trading session, marking a +0.96% move from the prior day. This change lagged the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 1.05%, and the Nasdaq, a tech-heavy index, added 0.4%.
Coming into today, shares of the photovoltaic products maker had lost 8.92% in the past month. In that same time, the Oils-Energy sector lost 14.41%, while the S&P 500 lost 8.3%.
Investors will be hoping for strength from SolarEdge Technologies as it approaches its next earnings release. The company is expected to report EPS of $1.27, down 0.78% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $726.28 million, up 51.29% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $3.02 billion. These totals would mark changes of +43.66% and +54%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for SolarEdge Technologies. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. SolarEdge Technologies currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SolarEdge Technologies has a Forward P/E ratio of 39.62 right now. This valuation marks a premium compared to its industry's average Forward P/E of 38.56.
Also, we should mention that SEDG has a PEG ratio of 1.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Solar industry currently had an average PEG ratio of 1.39 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
SolarEdge Technologies (SEDG) Gains But Lags Market: What You Should Know
SolarEdge Technologies (SEDG - Free Report) closed at $276.30 in the latest trading session, marking a +0.96% move from the prior day. This change lagged the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 1.05%, and the Nasdaq, a tech-heavy index, added 0.4%.
Coming into today, shares of the photovoltaic products maker had lost 8.92% in the past month. In that same time, the Oils-Energy sector lost 14.41%, while the S&P 500 lost 8.3%.
Investors will be hoping for strength from SolarEdge Technologies as it approaches its next earnings release. The company is expected to report EPS of $1.27, down 0.78% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $726.28 million, up 51.29% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.91 per share and revenue of $3.02 billion. These totals would mark changes of +43.66% and +54%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for SolarEdge Technologies. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.1% lower. SolarEdge Technologies currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SolarEdge Technologies has a Forward P/E ratio of 39.62 right now. This valuation marks a premium compared to its industry's average Forward P/E of 38.56.
Also, we should mention that SEDG has a PEG ratio of 1.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Solar industry currently had an average PEG ratio of 1.39 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.