It has been a few month because the final earnings report for SolarEdge Applied sciences (SEDG). Shares have misplaced about 5.9% in that time-frame, outperforming the S&P 500.
Will the current damaging pattern proceed main as much as its subsequent earnings launch, or is SolarEdge due for a breakout? Earlier than we dive into how traders and analysts have reacted as of late, let’s take a fast have a look at the newest earnings report with a view to get a greater deal with on the essential catalysts.
How Have Estimates Been Shifting Since Then?
It seems, contemporary estimates have trended upward in the course of the previous month.
VGM Scores
At the moment, SolarEdge has a subpar Development Rating of D, although it’s lagging a bit on the Momentum Rating entrance with an F. Following the very same course, the inventory was allotted a grade of F on the worth aspect, placing it within the backside 20% quintile for this funding technique.
General, the inventory has an mixture VGM Rating of F. If you happen to aren’t centered on one technique, this rating is the one you have to be fascinated with.
Outlook
Estimates have been trending upward for the inventory, and the magnitude of those revisions signifies a downward shift. Notably, SolarEdge has a Zacks Rank #3 (Maintain). We anticipate an in-line return from the inventory within the subsequent few months.
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SolarEdge Technologies, Inc. (SEDG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
