Sunrun Falls 1.67% as Investors Await Earnings Report
The solar company fell while the S&P 500 rose, with analysts expecting higher quarterly earnings and revenue year over year.
Sunrun closed at $7.64, down 1.67% in the latest trading session. The S&P 500 gained 0.2%, while the Dow and Nasdaq each rose 0.04%.
Before the session, Sunrun shares had lost 13.28%, according to the article. The Oils-Energy sector was down 2.32% and the S&P 500 had fallen 0.35% over that same period.
Ahead of Sunrun’s upcoming earnings report, analysts expect earnings of $0.16 per share, which would be 166.67% higher than a year earlier. The latest consensus revenue estimate is $773.4 million, up 6.74% year over year.
For the full year, Zacks Consensus Estimates project earnings of $1.19 per share, down 30.41% from the prior year, and revenue of $3.12 billion, up 5.49%. The consensus estimate for earnings per share rose 0.33% over the past month.
Sunrun’s forward price-to-earnings ratio is 6.55, compared with an industry average of 13.31, according to the article.
This article was produced with the help of AI technology.
Source: Yahoo Finance
