Will Enphase Energy (ENPH) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Enphase Energy (ENPH) has consistently beaten earnings estimates, with an average surprise of 28.23% over the last two quarters [1][2] Earnings Performance - For the most recent quarter, Enphase Energy reported earnings of $0.90 per share, exceeding the expected $0.62 per share by 45.16% [2] - In the previous quarter, the company reported $0.69 per share against an estimate of $0.62 per share, resulting in an 11.29% surprise [2] Earnings Estimates and Predictions - Recent estimates for Enphase Energy have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong potential for an earnings beat [5][8] - The current Earnings ESP for Enphase Energy is +10.63%, suggesting analysts are optimistic about its near-term earnings potential [8] Zacks Rank and Predictive Power - Enphase Energy holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high likelihood of beating consensus estimates [5][8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]