SolarEdge Technologies (SEDG) Registers a Bigger Fall Than the Market: Important Facts to Note

Core Insights - SolarEdge Technologies (SEDG) experienced a decline of 1.04% to $40.11, underperforming the S&P 500's loss of 0.63% in the latest trading session [1] - Over the past month, shares of SolarEdge have increased by 18.82%, outperforming the Oils-Energy sector's decline of 0.65% and the S&P 500's gain of 0.92% [1] Earnings Projections - The upcoming earnings release is anticipated with projected earnings per share (EPS) of -$0.43, representing a significant increase of 97.2% year-over-year [2] - Revenue is expected to reach $333.46 million, indicating a 27.81% increase compared to the same quarter last year [2] Annual Forecast - For the entire year, earnings are forecasted at -$2.97 per share and revenue at $1.16 billion, reflecting increases of 87.08% and 25.18% respectively from the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for SolarEdge are crucial as they indicate evolving short-term business trends, with positive revisions suggesting optimism about the business outlook [4] - The Zacks Rank system, which incorporates these estimate changes, provides actionable ratings for investors [5] Zacks Rank and Industry Performance - SolarEdge currently holds a Zacks Rank of 3 (Hold), with the consensus EPS projection having increased by 2.19% in the past 30 days [6] - The solar industry is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 45, placing it in the top 19% of over 250 industries [6]