Enphase Energy Q2 Adj $0.43 Misses $0.48 Estimate, Sales $303.46M Miss $309.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enphase Energy (NASDAQ:ENPH) reported Q2 earnings of $0.43 per share, missing the analyst estimate of $0.48. Sales were $303.46 million, also below the $309.67 million estimate. Both earnings and sales saw significant year-over-year declines.
July 23, 2024 | 8:05 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Enphase Energy reported Q2 earnings and sales that missed analyst estimates, with significant year-over-year declines in both metrics.
The company's earnings per share missed estimates by 10.42%, and sales missed by 2.01%. Both metrics showed significant declines compared to the same period last year, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100