In the latest close session, Sunrun (RUN) was down 5.69% at $13.60. The stock's performance was behind the S&P 500's daily loss of 0.01%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
Coming into today, shares of the solar energy products distributor had lost 5.13% in the past month. In that same time, the Oils-Energy sector lost 9.23%, while the S&P 500 lost 1.4%.
The investment community will be paying close attention to the earnings performance of Sunrun in its upcoming release. The company is expected to report EPS of $0.1, down 90.65% from the prior-year quarter. 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.
RUN's full-year Zacks Consensus Estimates are calling for earnings of $1.09 per share and revenue of $3.08 billion. These results would represent year-over-year changes of -36.26% and +4.1%, respectively.
Investors should also note any recent changes to analyst estimates for Sunrun. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Sunrun is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Sunrun is presently being traded at a Forward P/E ratio of 13.23. This signifies a discount in comparison to the average Forward P/E of 22.52 for its industry.
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 176, this industry ranks in the bottom 28% of all industries, numbering over 250.
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.
To follow RUN in the coming trading sessions, be sure to utilize Zacks.com.
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Sunrun Inc. (RUN): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).