Enphase Posts 3Q EPS of 17 Cents
ENPH is trading near its 52-week low of $25.775 (8.2% above the low) on elevated volume (2.6× avg).
Summary
Enphase reported third-quarter EPS of 17 cents, the first hard earnings number out this quarter, alongside adjusted EPS of 41 cents, which came in below the IBES estimate of USD 0.51. Revenue came in at $293.3M and net income was $23.4M. Context matters here: Q2 revenue was $291.9M, down 20% year over year, with gross margin inflated to 60% by tariff refunds, so the quality of this quarter's profit was the question. The company guided fourth-quarter revenue to $225M-$255M.
At the time of this announcement, ENPH was trading at $27.89 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $25.78 to $73.74. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.