Enphase Energy (ENPH) Scheduled to Post Earnings on Tuesday

Enphase Energy (NASDAQ:ENPH) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Enphase Energy has set its Q3 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The firm had revenue of $303.80 million during the quarter, compared to analysts’ expectations of $309.73 million. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Enphase Energy’s quarterly revenue was down 57.3% on a year-over-year basis. On average, analysts expect Enphase Energy to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Enphase Energy Price Performance

Shares of Enphase Energy stock opened at $91.64 on Monday. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. Enphase Energy has a 12 month low of $73.49 and a 12 month high of $141.63. The stock has a 50 day moving average of $111.25 and a 200 day moving average of $112.86. The firm has a market cap of $12.47 billion, a PE ratio of 47.73, a PEG ratio of 5.57 and a beta of 1.72.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENPH. Bank of America raised their target price on shares of Enphase Energy from $82.00 to $84.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Piper Sandler decreased their price target on Enphase Energy from $115.00 to $105.00 and set a “neutral” rating on the stock in a report on Thursday. Barclays dropped their price objective on shares of Enphase Energy from $131.00 to $129.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. BNP Paribas upgraded shares of Enphase Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $120.00 to $144.00 in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Enphase Energy from $124.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Enphase Energy presently has a consensus rating of “Hold” and an average price target of $122.33.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.