Q3 2024 EPS Estimates for Enphase Energy, Inc. Lowered by Zacks Research (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPH) – Stock analysts at Zacks Research decreased their Q3 2024 earnings per share estimates for shares of Enphase Energy in a research note issued to investors on Tuesday, September 17th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings per share of $0.44 for the quarter, down from their prior forecast of $0.46. The consensus estimate for Enphase Energy’s current full-year earnings is $1.19 per share. Zacks Research also issued estimates for Enphase Energy’s Q4 2024 earnings at $0.44 EPS, FY2024 earnings at $0.97 EPS, Q1 2025 earnings at $0.26 EPS, Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.76 EPS, Q4 2025 earnings at $1.22 EPS, FY2025 earnings at $2.63 EPS, Q1 2026 earnings at $0.53 EPS, Q2 2026 earnings at $0.71 EPS and FY2026 earnings at $3.39 EPS.

A number of other research analysts have also recently commented on the company. William Blair started coverage on Enphase Energy in a research note on Thursday, August 29th. They set a “market perform” rating on the stock. Glj Research started coverage on Enphase Energy in a research report on Tuesday, June 25th. They set a “sell” rating and a $45.82 price target on the stock. Morgan Stanley increased their price objective on shares of Enphase Energy from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 21st. Susquehanna lifted their price objective on shares of Enphase Energy from $140.00 to $147.00 and gave the company a “positive” rating in a research note on Monday, July 15th. Finally, Craig Hallum upped their target price on shares of Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $128.89.

Enphase Energy Stock Down 2.0 %

Shares of Enphase Energy stock opened at $117.36 on Friday. Enphase Energy has a twelve month low of $73.49 and a twelve month high of $141.63. The stock has a market cap of $15.97 billion, a price-to-earnings ratio of 61.13, a price-to-earnings-growth ratio of 5.84 and a beta of 1.72. The company has a current ratio of 4.23, a quick ratio of 3.90 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average price of $112.97 and a 200 day moving average price of $114.68.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a net margin of 9.12% and a return on equity of 17.30%. The business had revenue of $303.80 million during the quarter, compared to analysts’ expectations of $309.73 million. During the same quarter in the previous year, the business posted $1.16 EPS. The company’s quarterly revenue was down 57.3% on a year-over-year basis.

Hedge Funds Weigh In On Enphase Energy

Large investors have recently bought and sold shares of the business. Manchester Capital Management LLC raised its position in shares of Enphase Energy by 1,068.4% during the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 203 shares during the period. Chilton Capital Management LLC increased its position in Enphase Energy by 2,733.3% in the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after buying an additional 246 shares during the period. YHB Investment Advisors Inc. bought a new stake in Enphase Energy in the first quarter valued at $35,000. TFO Wealth Partners LLC boosted its holdings in shares of Enphase Energy by 6,720.0% during the fourth quarter. TFO Wealth Partners LLC now owns 341 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 336 shares during the period. Finally, Quest Partners LLC boosted its holdings in shares of Enphase Energy by 11,525.0% during the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 461 shares during the period. Institutional investors own 72.12% of the company’s stock.

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.