Sunrun (RUN) closed the most recent trading day at $10.36, moving +2.47% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.14%. On the other hand, the Dow registered a gain of 0.2%, and the technology-centric Nasdaq increased by 0.27%.
Coming into today, shares of the solar energy products distributor had gained 1.1% in the past month. In that same time, the Oils-Energy sector gained 2.89%, while the S&P 500 gained 3.97%.
The upcoming earnings release of Sunrun will be of great interest to investors. In that report, analysts expect Sunrun to post earnings of -$0.18 per share. This would mark a year-over-year decline of 132.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $557.23 million, up 6.37% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.41 per share and revenue of $2.26 billion. These totals would mark changes of -130.83% and +11.12%, respectively, from last year.
Any recent changes to analyst estimates for Sunrun should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 30.28% decrease. As of now, Sunrun holds a Zacks Rank of #3 (Hold).
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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