Sunrun (RUN) Reports Q3 Loss, Lags Revenue Estimates

Company Performance - Sunrun reported a quarterly loss of $0.37 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.16, and a decline from earnings of $0.40 per share a year ago, representing an earnings surprise of -131.25% [1] - The company posted revenues of $537.17 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 4.18%, and down from $563.18 million in the same quarter last year [2] - Over the last four quarters, Sunrun has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Sunrun shares have declined approximately 39.4% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.20 on revenues of $590.86 million, and for the current fiscal year, it is -$0.17 on revenues of $2.13 billion [7] Industry Outlook - The solar industry is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges for stocks within this sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Sunrun's stock performance [5]