Sunrun (RUN) got here out with a quarterly lack of $0.11 per share versus the Zacks Consensus Estimate of a lack of $0.03. This compares to lack of $0.23 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -266.67%. 1 / 4 in the past, it was anticipated that this photo voltaic vitality merchandise distributor would submit earnings of $0.07 per share when it truly produced a lack of $0.06, delivering a shock of -185.71%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Sunrun, which belongs to the Zacks Photo voltaic business, posted revenues of $334.79 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 6.82%. This compares to year-ago revenues of $210.73 million. The corporate has topped consensus income estimates 4 instances over the past 4 quarters.
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Sunrun shares have misplaced about 37.5% because the starting of the yr versus the S&P 500’s acquire of 10.9%.
What’s Subsequent for Sunrun?
Whereas Sunrun has underperformed the market to this point this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a powerful monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Sunrun was unfavorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Robust Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the whole record of right this moment’s Zacks #1 Rank (Robust Purchase) shares right here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.03 on $341.18 million in revenues for the approaching quarter and $0.03 on $1.37 billion in revenues for the present fiscal yr.
Traders must be aware of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Photo voltaic is presently within the backside 4% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Sunrun Inc. (RUN): Free Inventory Evaluation Report
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