Enphase Energy Slips 1.25% as Q1 EPS Seen 36.8% Lower
Enphase Energy stock fell 1.25% to $42.66 after the S&P 500 rose 0.78%, while the solar technology name gained 15.9% over the past month versus its sector’s 8.0% advance. Analysts forecast Q1 EPS of $0.43 (down 36.8% YoY) on $283.0 million revenue (down 20.5% YoY) with full-year EPS seen at $2.20.
1. Stock Performance & Comparison
Enphase Energy shares closed at $42.66, down 1.25% on the day versus a 0.78% rise in the S&P 500, 0.49% gain in the Dow and 1.29% climb in the Nasdaq. Over the past month the stock has jumped 15.88%, outperforming the Oils-Energy sector’s 8.04% advance and the S&P 500’s 1.33% decline.
2. Q1 Earnings Forecast
Analysts project first-quarter EPS of $0.43, a 36.76% drop from the year-ago quarter, on estimated revenue of $283.03 million, down 20.51% year-over-year. This projected decline reflects anticipated pressure on margins and top-line growth in the near term.
3. Full-Year Outlook & Analyst Revisions
For the full year, consensus estimates call for EPS of $2.20 (down 25.68% YoY) and revenue of $1.25 billion (down 15.23% YoY). Over the last 30 days the consensus EPS estimate has risen by 9.05%, contributing to a current Zacks Rank of #3 (Hold).
4. Valuation & Industry Position
Enphase Energy trades at a forward P/E of 19.6, below its industry average of 21.47, signaling relative valuation appeal. Its Solar industry ranks 144th out of 250 industries, placing it in the bottom 42% by average Zacks Rank.