Sunrun (RUN) closed the most recent trading day at $12.89, moving +2.67% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.5% for the day. Meanwhile, the Dow experienced a rise of 0.7%, and the technology-dominated Nasdaq saw an increase of 0.31%.
Shares of the solar energy products distributor have depreciated by 14.39% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.9%, and the S&P 500's loss of 0.23%.
The investment community will be paying close attention to the earnings performance of Sunrun in its upcoming release. The company is forecasted to report an EPS of $0.1, showcasing a 90.65% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $727.75 million, showing a 27.82% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.09 per share and a revenue of $3.08 billion, signifying shifts of -36.26% and +4.1%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Sunrun. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Sunrun currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Sunrun is at present trading with a Forward P/E ratio of 11.51. This expresses a discount compared to the average Forward P/E of 20.07 of its industry.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Sunrun Inc. (RUN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).