Sunrun (RUN) closed at USD 52.58 in the last trading session, a movement of -0.23% from the previous day. That move lagged the S&P 500’s 1.13% daily gain.
Today, the solar energy product’s shares were up 17.01% over the past month. At the same time, the oil-energy sector lost 5.86% while the S&P 500 gained 2.39%.
Investors will be hoping for strength from RUN as it nears its next earnings release. In this report, analysts expect RUN to report earnings of -0.02 USD per share. This would mean a growth of 81.82% compared to the previous year. Our latest consensus estimate is for quarterly revenue of $ 374.36 million, up 106.5% from the same period last year.
RUN’s Zacks Consensus Estimates for the full year project earnings per share of $ 0.15 and sales of $ 1.48 billion. These results would represent changes of +64.29% and +60.65% respectively compared to the previous year.
Investors should also be aware of any recent changes in analyst estimates for RUN. These most recent revisions typically reflect developments in short-term business trends. Hence, we can interpret positive valuation revisions as a good sign of the company’s business outlook.
Our research shows that these changes in estimates correlate directly with short-term stock prices. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimation changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from # 1 (Strong Buy) to # 5 (Strong Sell), has an impressive, externally audited track record of outperformance, with # 1 stocks posting an average annual return of + 25% since 1988 Zack’s Consensus EPS estimate rose 2.82% last month. RUN is currently a Zacks Rank # 4 (Sell).
The solar industry is part of the oil energy sector. This group has a Zacks industry ranking of 239, making it one of the bottom 6% of all over 250 industries.
Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top-rated 50% of industries outperform the bottom half by a factor of 2 to 1.
For more information on all of these metrics and more, visit Zacks.com.
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