Analysts Expect Enphase Energy, Inc. (ENPH) Will Announce Earnings of -$0.06 Per Share

Equities research analysts predict that Enphase Energy, Inc. (NASDAQ:ENPH) will report earnings per share (EPS) of ($0.06) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Enphase Energy’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at ($0.03). Enphase Energy posted earnings per share of ($0.28) during the same quarter last year, which suggests a positive year-over-year growth rate of 78.6%. The business is scheduled to announce its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Enphase Energy will report full year earnings of ($0.31) per share for the current fiscal year, with EPS estimates ranging from ($0.37) to ($0.27). For the next year, analysts expect that the business will report earnings of $0.03 per share, with EPS estimates ranging from ($0.02) to $0.13. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). Enphase Energy had a negative net margin of 21.81% and a negative return on equity of 1,232.10%. The business had revenue of $74.70 million for the quarter, compared to the consensus estimate of $74.48 million. During the same quarter in the prior year, the business posted ($0.30) earnings per share. Enphase Energy’s revenue for the quarter was down 5.7% on a year-over-year basis.

Several equities research analysts recently weighed in on ENPH shares. ValuEngine downgraded shares of Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Craig Hallum set a $2.00 target price on shares of Enphase Energy and gave the stock a “buy” rating in a research note on Monday, June 12th. Deutsche Bank AG raised shares of Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 target price on the stock in a research note on Tuesday, June 20th. Roth Capital set a $1.00 target price on shares of Enphase Energy and gave the stock a “hold” rating in a research note on Thursday, June 22nd. Finally, Zacks Investment Research downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Enphase Energy presently has an average rating of “Hold” and an average price target of $1.96.

Enphase Energy (ENPH) opened at 1.21 on Wednesday. The stock’s 50 day moving average is $0.95 and its 200-day moving average is $1.04. Enphase Energy has a 1-year low of $0.65 and a 1-year high of $2.03. The company’s market capitalization is $102.34 million.

Several large investors have recently made changes to their positions in ENPH. Goldman Sachs Group Inc. increased its position in shares of Enphase Energy by 10,872.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,846,393 shares of the semiconductor company’s stock valued at $1,597,000 after purchasing an additional 1,829,566 shares during the last quarter. Old West Investment Management LLC purchased a new stake in shares of Enphase Energy in the 1st quarter valued at approximately $1,446,000. Gilder Gagnon Howe & Co. LLC increased its position in shares of Enphase Energy by 2,281.8% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 898,485 shares of the semiconductor company’s stock valued at $1,231,000 after purchasing an additional 860,762 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of Enphase Energy in the 1st quarter valued at approximately $617,000. Finally, K2 Principal Fund L.P. increased its position in shares of Enphase Energy by 470.1% in the 2nd quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock valued at $381,000 after purchasing an additional 363,490 shares during the last quarter. 19.78% of the stock is currently owned by institutional investors.

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Enphase Energy Company Profile

Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.

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