Enlight Renewable Energy .(US:ENLT) ZACKS·2025-05-06 12:26Group 1 - Enlight Renewable Energy Ltd. reported quarterly earnings of $0.75 per share, exceeding the Zacks Consensus Estimate of $0.65 per share, and showing significant growth from $0.14 per share a year ago, resulting in an earnings surprise of 15.38% [1] - The company achieved revenues of $129.87 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 11.95% and increasing from $90.4 million year-over-year [2] - Enlight Renewable Energy Ltd. has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Group 2 - The stock has underperformed the market, losing about 5.7% since the beginning of the year compared to the S&P 500's decline of 3.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.09 on revenues of $125.19 million, and for the current fiscal year, it is $0.91 on revenues of $501.56 million [7] Group 3 - The Zacks Industry Rank indicates that the Alternative Energy - Other sector is currently in the bottom 41% of over 250 Zacks industries, which may negatively impact stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5] - The current estimate revisions trend for Enlight Renewable Energy Ltd. is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]