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Sunrun (RUN) Stock Sinks As Market Gains: What You Should Know
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Sunrun (RUN - Free Report) closed at $19.96 in the latest trading session, marking a -0.94% move from the prior day. This change lagged the S&P 500's 0.37% gain on the day. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.62%.
Prior to today's trading, shares of the solar energy products distributor had lost 18.88% over the past month. This has lagged the Oils-Energy sector's loss of 1.64% and the S&P 500's gain of 3.71% in that time.
Sunrun will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.12, up 128.57% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $524.96 million, up 5.89% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $2.34 billion. These totals would mark changes of -122.5% and +0.62%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Sunrun. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.77% higher. Sunrun currently has a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 102, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Sunrun (RUN) Stock Sinks As Market Gains: What You Should Know
Sunrun (RUN - Free Report) closed at $19.96 in the latest trading session, marking a -0.94% move from the prior day. This change lagged the S&P 500's 0.37% gain on the day. Meanwhile, the Dow gained 0.98%, and the Nasdaq, a tech-heavy index, added 0.62%.
Prior to today's trading, shares of the solar energy products distributor had lost 18.88% over the past month. This has lagged the Oils-Energy sector's loss of 1.64% and the S&P 500's gain of 3.71% in that time.
Sunrun will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.12, up 128.57% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $524.96 million, up 5.89% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.18 per share and revenue of $2.34 billion. These totals would mark changes of -122.5% and +0.62%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Sunrun. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.77% higher. Sunrun currently has a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 102, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.