Enphase Energy (NASDAQ:ENPH – Get Free Report) 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 – Get Free Report) 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
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.
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