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These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ENPH's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Enphase Energy could be a solid choice for investors.
Current Quarter Estimates for ENPH
In the past 30 days, 1 estimate has gone higher for Enphase Energy while no estimate moved lower in the same time period. The trend has been pretty favorable too, with loss estimates narrowing down from 11 cents 30 days ago, to 7 cents today, a move of 36.4%.
Current Year Estimates for ENPH
Meanwhile, Enphase Energy's current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none moving lower. The loss estimate trend has also seen a boost for this time frame, narrowing down from 35 cents per share 30 days ago to 25 cents per share today, an improvement of 28.6%.
Bottom Line
The stock has also started to move higher lately, adding 13.57% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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