Enphase Energy (ENPH) Q1 Earnings and Revenues Miss Estimates

Core Insights - Enphase Energy reported quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.71 per share, but showing an increase from $0.35 per share a year ago, resulting in an earnings surprise of -4.23% [1] - The company posted revenues of $356.08 million for the quarter, missing the Zacks Consensus Estimate by 1.65%, and up from $263.34 million year-over-year [2] - Enphase Energy shares have declined approximately 24.8% year-to-date, compared to a 12.3% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.81 on revenues of $379.09 million, and for the current fiscal year, it is $3.28 on revenues of $1.54 billion [7] - The estimate revisions trend for Enphase Energy is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The solar industry, to which Enphase Energy belongs, is currently ranked in the bottom 25% of over 250 Zacks industries, which may negatively impact stock performance [8] - First Solar, another company in the solar industry, is expected to report quarterly earnings of $2.59 per share, reflecting a year-over-year increase of 17.7%, with revenues projected at $851.85 million, up 7.3% from the previous year [9][10]