Enphase Vitality (ENPH) got here out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.04 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 20%. 1 / 4 in the past, it was anticipated that this photo voltaic know-how firm would publish earnings of $0.13 per share when it truly produced earnings of $0.18, delivering a shock of 38.46%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Enphase Vitality, which belongs to the Zacks Photo voltaic business, posted revenues of $180.06 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 2.04%. This compares to year-ago revenues of $78 million. The corporate has topped consensus income estimates thrice over the past 4 quarters.
The sustainability of the inventory’s quick worth motion primarily based on the recently-released…