Sunrun (RUN) ended the recent trading session at $18.09, demonstrating a -1.15% change from the preceding day's closing price. This change lagged the S&P 500's 0.65% gain on the day. Meanwhile, the Dow experienced a rise of 0.48%, and the technology-dominated Nasdaq saw an increase of 0.82%.
The solar energy products distributor's stock has dropped by 2.19% in the past month, falling short of the Oils-Energy sector's gain of 0.68% and the S&P 500's gain of 1.15%.
The upcoming earnings release of Sunrun will be of great interest to investors. It is anticipated that the company will report an EPS of -$0.09, marking a 106.38% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $656.49 million, showing a 26.62% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.23 per share and revenue of $2.45 billion, which would represent changes of -7.52% and 0%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Sunrun. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 26.77% higher within the past month. Sunrun is currently sporting a Zacks Rank of #2 (Buy).
The Solar industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 24, this industry ranks in the top 10% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sunrun Inc. (RUN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
