Enphase Energy (ENPH) Rises As Market Takes a Dip: Key Facts

Group 1 - Enphase Energy (ENPH) closed at $61.65, reflecting a +1.55% change, outperforming the S&P 500's loss of 1.97% on the same day [1] - Over the past month, Enphase Energy shares have decreased by 0.78%, underperforming the Oils-Energy sector's gain of 3.54% and the S&P 500's loss of 2.79% [1] Group 2 - Analysts expect Enphase Energy to report earnings of$ 0.70 per share, indicating a year-over-year growth of 100% [2] - The consensus estimate for quarterly revenue is $359.08 million, representing a 36.36% increase from the previous year [2] Group 3 - For the entire year, Zacks Consensus Estimates forecast earnings of$ 3.34 per share and revenue of $1.54 billion, reflecting changes of +40.93% and +15.64% respectively compared to the previous year [3] Group 4 - Recent shifts in analyst projections for Enphase Energy are important as they reflect evolving short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [4] Group 5 - Adjustments in estimates are directly associated with imminent stock price performance, and the Zacks Rank model incorporates these changes to provide actionable ratings [5] Group 6 - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks historically delivering an average annual return of +25% since 1988; currently, Enphase Energy holds a Zacks Rank of 3 (Hold) [6] Group 7 - Enphase Energy is trading with a Forward P/E ratio of 18.15, which is a premium compared to the industry's average Forward P/E of 10.11 [7] - The Solar industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries [7]