Enphase Energy Q2 Adj. EPS $1.47 Beats $1.25 Estimate, Sales $711.12M Miss $722.12M Estimate
Portfolio Pulse from Bill Haddad
Enphase Energy reported Q2 earnings of $1.47 per share, beating the analyst consensus estimate of $1.25 by 17.6%. This is a 37.38% increase from the same period last year. However, the company's quarterly sales of $711.12 million missed the analyst consensus estimate of $722.12 million by 1.52%. This is a 34.12% increase from the same period last year.
July 27, 2023 | 8:11 pm
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Enphase Energy's Q2 earnings beat estimates but sales missed. Earnings per share increased by 37.38% YoY, while sales increased by 34.12% YoY but fell short of estimates.
Enphase Energy's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect on the stock is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100