SolarEdge Drops 2.59% as Investors Await Earnings
The shares fell more than major U.S. indexes, while Zacks estimates point to lower quarterly revenue and a small profit.
Key takeaways
- SolarEdge closed at $33.16, down 2.59%.
- Zacks estimates quarterly revenue of $328.78 million, down 3.35% year over year.
SolarEdge Technologies closed at $33.16, down 2.59% in its latest trading session. The decline was steeper than the S&P 500’s 0.22% loss.
Ahead of its upcoming earnings report, Zacks estimates the company will post earnings per share of $0.02, up from the year-earlier quarter. Its revenue estimate is $328.78 million, down 3.35% year over year.
For the full year, Zacks consensus estimates call for a loss of $0.26 per share and revenue of $1.3 billion. The source says those estimates represent year-over-year changes of 89.08% and 9.89%, respectively.
This article was produced with the help of AI technology. Source: Yahoo Finance
