In the latest trading session, Sunrun (RUN) closed at $13.11, marking a -2.02% move from the previous day. This change lagged the S&P 500's 0.22% loss on the day. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 0.66%.
Heading into today, shares of the solar energy products distributor had lost 12.26% over the past month, lagging the Oils-Energy sector's loss of 4.76% and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of Sunrun in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.1, marking a 90.65% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $727.75 million, indicating a 27.82% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.09 per share and a revenue of $3.08 billion, demonstrating changes of -36.26% and +4.1%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Sunrun. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Sunrun currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Sunrun has a Forward P/E ratio of 12.27 right now. For comparison, its industry has an average Forward P/E of 23.19, which means Sunrun is trading at a discount to the group.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 87, finds itself in the top 36% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Sunrun Inc. (RUN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).