Enphase Energy Q2 earnings on deck, what to expect (NASDAQ:ENPH)

• Solar power solutions company Enphase Energy (NASDAQ:ENPH) is scheduled to announce Q2 earnings results on Thursday, July 27th, after market close.
• The consensus EPS estimate is $1.27 and the consensus revenue estimate is $725.98 million.
• Over the last 2 years, ENPH has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
• Over the last 3 months, EPS estimates have seen 8 upward revisions and 13 downward. Revenue estimates have seen 2 upward revisions and 18 downward.
• The company on April 25 reported Q1 non-GAAP EPS of $1.37, beating estimates by 15 cents. Revenue of $726.02 million was up 64.5% from last year and ahead of expectations by $5.51 million.
• ENPH has a Quant rating of “HOLD“, with a 2.67 rating score.
• Wall Street and Seeking Alpha analysts rate the ENPH stock “BUY“.
• ENPH stock rose 43.6% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.
• Stock is down 29.2% so far this year as of Tuesday’s close.

Recent analyses on ENPH:

“Enphase is set for significant growth due to policy incentives in the USA and a solar mandate in the EU, despite drawbacks such as non-backward compatible products and increasing interest rates. ENPH has strategic partnerships in Europe and the USA, strong financials, and solid margins, positioning it well to capitalize on the growing solar market. Despite potential risks such as dependence on outside manufacturers and high interest rates, analysts predict strong growth in the solar market, making it a potentially good time for bullish investors to buy shares,” writes SA contributor Column Research in a July 26 report.

“I like the risk/reward of Enphase over the next 3 to 5 years, but since this is a fast-growing industry, a lot can happen in that time that would affect my opinion today. So right now I think it is an attractive entry price, but depending on political, technological, and other reasons, this could change quickly as this company is dependent on many variables. However, the European Union, with a population of nearly 450 million, is a large market that should provide sufficient growth for the next few years,” writes SA contributor Tangerine Capital in a July 25 analysis.