Enphase Energy (ENPH) Advances But Underperforms Market: Key Facts

Company Performance - Enphase Energy (ENPH) closed at $72.15, with a daily increase of +1.11%, underperforming the S&P 500's gain of 1.26% [1] - Over the past month, shares of Enphase Energy have risen by 1.45%, contrasting with the Oils-Energy sector's decline of 5.1% and the S&P 500's drop of 2.82% [1] Upcoming Earnings - Enphase Energy is expected to report an EPS of $0.75, representing a 38.89% increase compared to the same quarter last year [2] - Revenue is anticipated to reach $376.7 million, indicating a 24.5% growth year-over-year [2] Analyst Estimates - Recent changes in analyst estimates for Enphase Energy reflect positive short-term business trends, indicating analysts' confidence in the company's performance [3] - The Zacks Rank system, which incorporates estimate changes, suggests actionable insights for investors [4] Zacks Rank and Valuation - Enphase Energy currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having increased by 0.05% in the past month [5] - The company has a Forward P/E ratio of 19.16, which is higher than the industry average of 11.35, and a PEG ratio of 5.37, compared to the solar industry's average PEG ratio of 0.71 [6] Industry Context - The Solar industry is part of the Oils-Energy sector, which has a Zacks Industry Rank of 145, placing it in the bottom 43% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]