Enphase Gains 1.71% as Major U.S. Indexes Fall
The solar technology company rose in the latest session, ahead of its October 27 earnings report and amid lower analyst forecasts.
Key takeaways
- Enphase closed at $32.03, up 1.71%, while the S&P 500, Dow and Nasdaq fell.
- Zacks Consensus estimates call for quarterly EPS of $0.47 and revenue of $303.52 million.
Enphase Energy shares rose 1.71% to close at $32.03 in the latest trading session, while major U.S. indexes slipped. The S&P 500 lost 0.02%, the Dow fell 0.35% and the Nasdaq declined 0.15%.
The company is scheduled to report earnings on October 27, 2026. Zacks Consensus estimates call for earnings of $0.47 per share and revenue of $303.52 million for the quarter, down 47.78% and 26.05%, respectively, from a year earlier.
For the full year, Zacks Consensus estimates project earnings of $1.92 per share and revenue of $1.18 billion. Those figures would represent year-over-year declines of 35.14% and 19.57%, respectively.
This article was produced with the help of AI technology. Source: Yahoo Finance
