A Preview Of Enphase Energy's Earnings
Portfolio Pulse from Benzinga Insights
Enphase Energy (NASDAQ:ENPH) is set to release its quarterly earnings report on October 22, 2024. Analysts estimate an EPS of $0.77. The market is optimistic about the company surpassing estimates and providing positive guidance. Despite a recent EPS miss, Enphase's stock rose by 12.8% last quarter. The stock is currently trading at $91.64, down 3.85% over the past year. Analysts have a Neutral consensus with a price target of $112.53, indicating a potential 22.8% upside.
October 21, 2024 | 2:02 pm
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Enphase Energy is expected to report an EPS of $0.77. The market is hopeful for positive guidance, which could drive stock prices. Despite a past EPS miss, the stock rose 12.8% last quarter. Analysts have a Neutral rating with a $112.53 price target, suggesting a 22.8% upside.
The upcoming earnings report is crucial for Enphase Energy, with analysts expecting an EPS of $0.77. The market's focus on potential positive guidance could lead to a stock price increase. The previous quarter's EPS miss still resulted in a stock price rise, indicating investor optimism. The Neutral analyst rating and a price target suggesting a 22.8% upside further support a positive short-term impact.
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