Enphase Energy (ENPH) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Enphase Energy (ENPH) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on July 22, with a consensus estimate of $0.62 per share, reflecting a year-over-year increase of 44.2%. Revenues are projected to be $356.33 million, up 17.4% from the previous year [3][2]. - The consensus EPS estimate has been revised 7% higher in the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Enphase Energy is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -4.24%, suggesting a bearish outlook from analysts [12]. - The stock currently holds a Zacks Rank of 3, making it challenging to predict a beat on the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Enphase Energy was expected to post earnings of $0.71 per share but delivered only $0.68, resulting in a surprise of -4.23%. Over the last four quarters, the company has only beaten consensus EPS estimates once [13][14]. Conclusion - Enphase Energy does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding this stock ahead of its earnings release [17].