Enphase Energy, Inc. (NASDAQ:ENPH) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ENPH to report 3Q20 income of $ 0.24 per share.
For the full year, analysts anticipate top line of $ 735.09 million, while looking forward to income of $ 1.20 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 160.00 million ~ $ 175.00 million
Click Here For More Historical Outlooks Of Enphase Energy, Inc.
Previous Quarter Performance
Enphase Energy, Inc. communicated income for the second quarter of $ 0.17 per share, from the revenue of $ 125.54 million. The quarterly earnings shrunk 5.56 percent while revenues down 6.38 percent compared with the same quarter last year.
According to street consensus, ENPH was expected to report 2Q20 income of $ 0.14 per share from revenue of $ 123.04 million. The bottom line results beat street analysts by $ 0.03 or 21.43 percent, at the same time, top line results outshined analysts by $ 2.50 million or 2.03 percent.
Stock Performance
Shares of Enphase Energy, Inc. traded low $ -0.13 or -0.13 percent on Friday, reaching $ 103.33 with volume of 3.32 million shares. Enphase Energy, Inc. has traded high as $ 109.22 and has cracked $ 100.70 on the downward trend
According to the previous trading day, closing price of $ 103.33, representing a 502.21 % increase from the 52 week low of $ 17.18 and a 13.01 % decrease over the 52 week high of $ 118.94.
The company has a market capital of $ 13.02 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Analyst recommendations
- On 1st October 2020, initiated by Bank of America at Buy rating, with $ 93.00 target price.
Conference Call
Enphase Energy, Inc. will be hosting a conference call at 4:30 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.enphase.com
Enphase Energy, Inc., together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It sells its solutions primarily to distributors, as well as directly to large installers, original equipment manufacturers, strategic partners, and homeowners.
