Enphase Energy Q1 2024 Adj EPS $0.35 Misses $0.40 Estimate, Sales $263.30M Miss $281.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enphase Energy (ENPH) reported Q1 2024 adjusted EPS of $0.35, missing the $0.40 estimate, and sales of $263.30M, below the $281.95M estimate. This represents a 63.73% decrease in sales compared to the same period last year.
April 23, 2024 | 8:08 pm
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NEGATIVE IMPACT
Enphase Energy reported lower than expected Q1 2024 earnings and sales, with a significant decrease in sales compared to last year.
Missing both earnings and sales estimates significantly, especially with such a drastic year-over-year sales decrease, is likely to negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100