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SolarEdge Technologies (SEDG) Q3 Earnings: What's in Store?

SolarEdge Technologies, Inc.SEDG is scheduled to report third-quarter 2018 results on Nov 1, after the market closes . In the last reported quarter, the company witnessed a negative earnings surprise of 8.89%.

Let's see how things are shaping up prior to this announcement.

Factors to Consider

Growing commercial and residential solar installations in the United States and increasing demand for its inverters in Europe have been driving SolarEdge Technologies' revenues of late. Similar trend might have boosted the company's top line in the third quarter, which should duly get reflected in the upcoming quarterly result.

Meanwhile, SolarEdge Technologies continues to invest in manufacturing capacity. This, in turn, is likely to increase shipments to its valued customers and bolster the company's revenue growth in the to-be-reported quarter. In line with this, the Zacks Consensus Estimate for third-quarter revenues is pegged at $234.2 million, reflecting an annual increase of 40.6%.

Such higher sales are expected to result in improved bottom-line figures in the quarter to be reported. As a result, the Zacks Consensus Estimate is pegged at 84 cents per share, mirroring an annual rise of 27.3%.

Earnings Whispers

Our proven model does not show earnings beat for SolarEdge Technologies this quarter. That is because a stock needs to have both - a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) - for this to happen. That is not the case here as you will see below.

Earnings ESP : SolarEdge Technologies has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .

SolarEdge Technologies, Inc. Price and EPS Surprise

SolarEdge Technologies, Inc. Price and EPS Surprise | SolarEdge Technologies, Inc. Quote

Zacks Rank : The company's Zacks Rank #4 (Sell) when combined with a 0.00% ESP makes surprise prediction difficult.

Note that we caution against stocks with a Zacks Rank #4 or 5 (Strong Sell) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Stocks to Consider

Here are a few operators in the Zacks Oil-Energy sector that you may consider as our model shows that they have the right combination of elements to deliver an earnings beat this quarter:

Eclipse Resources ECR is slated to report third-quarter results on Nov 14. The company has an Earnings ESP of +3.03% and a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.

Goodrich Petroleum GDP is slated to report third-quarter results on Nov 8. The company has an Earnings ESP of +12.78% and a Zacks Rank #3.

Matador Resources MTDR is slated to report third-quarter results on Oct 31. The company has an Earnings ESP of +2.40% and a Zacks Rank #2.

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Goodrich Petroleum Corporation (GDP): Free Stock Analysis Report

Matador Resources Company (MTDR): Free Stock Analysis Report

Eclipse Resources Corporation (ECR): Free Stock Analysis Report

SolarEdge Technologies, Inc. (SEDG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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