Earnings from Enphase Energy Inc. [ENPH] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
ENPH Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.45 per share on revenue of $292.23M. Taking a look at the future, the company is projected to report revenue of $320.92M at an earnings per share of $0.51 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 33.60% in revenue and 31.57% in earnings per share for the company.
ENPH Stock Earnings Forecast For The Current Year
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For the full financial year, Enphase Energy Inc. [NASDAQ:ENPH] is forecasted to generate revenue of $1.35B. The figure is about $575.58 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $2.15 in 2021, which is $0.78 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 56.90% this year, 31.20% next year, and 38.94% annually over the next five years. With regard to sales, forecasts suggest an incline of 74.40% in current fiscal year and 33.60% over following year.
ENPH Stock Price Performance
At a recent check today, Enphase Energy Inc. [NASDAQ:ENPH] finished down -0.38% at $171.99. The stock’s day high price was $174.09, and its lowest was $164.90. Its price rose 22.33% in the last five days. Since the beginning of the year, Enphase Energy Inc.’s shares are down nearly -1.61%. However, the share price is -24.91% below its one year high. The top price reached by the shares of the company was $229.04 on 02/10/21, while the 52-week low came on 03/05/21, when the shares were $129.00. In the past year, shares of the company have risen 357.59%. At 50 days, the moving average achieved is $160.25 while at 200 days, the moving average is $128.90. There were 0.81 million shares traded in the last session, down from 3.78 million in the previous session.
Enphase Energy Inc. [NASDAQ:ENPH] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 192.47, Enphase Energy Inc. [ENPH] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 33.73 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 29.13 PS value ratio is reported for the last one year of reported earnings. This is above the average return 3.14 for the industry, which means ENPH offers an unattractive investment opportunity than its competitors do.
ENPH Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 172.73 level, and the violation of this level will cause a further drop to 167.00 level. At the upper end, 185.38 remains a key resistance. As the stock increases, it may find resistance at 179.74. In the 14-day chart, the Relative Strength Index standing at 59.51 suggests a technical neutral stance while the MACD standing at 15.04 indicates price will increase in the next trading period. Stochastic %K at 93.29% suggests selling the stock while Percent R indicator at 11.56% suggests bullish price movement.
How much is the short interest in Enphase Energy Inc.?
There have been a drop in short interest in the Enphase Energy Inc. Financial stock, with short interest up by 40000.0 shares to 4.32 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 4.36 million shares. This -0.93% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 3.74% of the overall float in the stock, while the stock’s days to cover moved to 1.53.
How do analysts view Enphase Energy Inc.?
In regard to the share price forecast for Enphase Energy Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $214.00 in the next twelve months, representing almost an 19.63% growth from its recent price of $171.99. Among Enphase Energy Inc. stock projections, $264.00 is the highest analyst target for the stock, while $167.00 is the lowest. Despite this, 23 analysts who share their consensus rating for ENPH in 2021 agree that the stock is an Overweight.