Enphase Energy (ENPH) to Release Earnings on Tuesday

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

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The business had revenue of $303.80 million during the quarter, compared to the consensus estimate of $309.73 million. During the same period in the prior year, the firm earned $1.16 EPS. The business’s revenue for the quarter 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 Stock Up 0.1 %

Shares of ENPH opened at $91.64 on Friday. 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 firm’s 50 day moving average is $111.25 and its 200-day moving average is $112.87. The stock has a market capitalization of $12.47 billion, a PE ratio of 47.73, a P/E/G ratio of 5.57 and a beta of 1.72.

Wall Street Analyst Weigh In

ENPH has been the subject of several analyst reports. Canaccord Genuity Group dropped their price objective on Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Craig Hallum upped their price objective on shares of Enphase Energy from $147.00 to $153.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Roth Mkm reissued a “buy” rating and issued a $140.00 target price on shares of Enphase Energy in a report on Wednesday, July 24th. Bank of America upped their price target on shares of Enphase Energy from $82.00 to $84.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Finally, Morgan Stanley lifted their price objective on shares of Enphase Energy from $100.00 to $102.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $122.33.

About Enphase Energy

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.