Enphase (ENPH) Reports Earnings Tomorrow: What To Expect

Home energy technology company Enphase (NASDAQ:ENPH) will be reporting earnings tomorrow after market close. Here’s what investors should know.

Enphase beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $382.7 million, up 26.5% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates.

Is Enphase a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Enphase’s revenue to grow 37.7% year on year to $362.5 million, a reversal from the 63.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.72 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Enphase has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Enphase’s peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Badger Meter delivered year-on-year revenue growth of 13.2%, meeting analysts’ expectations, and Acuity Brands reported revenues up 11.1%, falling short of estimates by 2.2%. Acuity Brands traded down 12.3% following the results.

Read our full analysis of Badger Meter’s results here and Acuity Brands’s results here.

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