Enphase Energy (ENPH) Q1 Earnings Miss, Revenues Down Y/Y

Zacks04-24

Enphase Energy, Inc. ENPH reported first-quarter 2024 adjusted earnings of 35 cents per share, highlighting a 74.5% decline from $1.37 reported in the prior-year quarter. The bottom line also lagged ...

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The bottom line also lagged ...</p>\n\n<a href=\"https://finance.yahoo.com/news/enphase-energy-enph-q1-earnings-133700870.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Enphase Energy (ENPH) Q1 Earnings Miss, Revenues Down Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnphase Energy (ENPH) Q1 Earnings Miss, Revenues Down Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-24 21:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/enphase-energy-enph-q1-earnings-133700870.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Enphase Energy, Inc. ENPH reported first-quarter 2024 adjusted earnings of 35 cents per share, highlighting a 74.5% decline from $1.37 reported in the prior-year quarter. The bottom line also lagged ...</p>\n\n<a href=\"https://finance.yahoo.com/news/enphase-energy-enph-q1-earnings-133700870.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ENPH","symbol_name":"Enphase Energy","start_time":0,"source_url":"https://finance.yahoo.com/news/enphase-energy-enph-q1-earnings-133700870.html","article_id":"2429450002","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/_0dnJKvXft497_kTXuAo8A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1e90663b89af248bb681e17b9b09652a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429450002","pubTimestamp":1713965820,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Enphase Energy, Inc. ENPH reported first-quarter 2024 adjusted earnings of 35 cents per share, highlighting a 74.5% decline from $1.37 reported in the prior-year quarter. The bottom line also lagged the Zacks Consensus Estimate of 42 cents per share by 16.7%.Including one-time adjustments, the company posted a GAAP loss of 12 cents per share, which significantly deteriorated from the year-ago quarter’s earnings of $1.02.Enphase Energy, Inc. Price, Consensus and EPS Surprise. Enphase Energy, Inc. price-consensus-eps-surprise-chart | Enphase Energy, Inc. Quote. Enphase Energy’s first-quarter revenues of $263.3 million missed the Zacks Consensus Estimate of $284 million. The top line also declined 63.7% from the prior-year quarter’s reported figure of $726 million.The year-over-year deterioration can be attributed to seasonality and a further softening in U.S. demand.Enphase Energy had $253.7 million in cash and cash equivalents as of Mar 31, 2024 compared with $288.7 million as of Dec 31","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ENPH":"Enphase Energy"},"translate_title":"Enphase Energy（ENPH）Q1盈利下降，收入同比下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENPH":1},"content_text":"Enphase Energy, Inc. ENPH reported first-quarter 2024 adjusted earnings of 35 cents per share, highlighting a 74.5% decline from $1.37 reported in the prior-year quarter. The bottom line also lagged the Zacks Consensus Estimate of 42 cents per share by 16.7%.Including one-time adjustments, the company posted a GAAP loss of 12 cents per share, which significantly deteriorated from the year-ago quarter’s earnings of $1.02.\n\nEnphase Energy, Inc. Price, Consensus and EPS Surprise  \nEnphase Energy, Inc. price-consensus-eps-surprise-chart | Enphase Energy, Inc. Quote\n\nRevenues\nEnphase Energy’s first-quarter revenues of $263.3 million missed the Zacks Consensus Estimate of $284 million. The top line also declined 63.7% from the prior-year quarter’s reported figure of $726 million.The year-over-year deterioration can be attributed to seasonality and a further softening in U.S. demand.\nOperational Update\nThe company’s shipments amounted to approximately 603.6 megawatts-direct current (MWdc) or 1,382,195 microinverters and 75.5 MW hours of Enphase IQ Batteries.The company’s adjusted gross margin expanded 50 basis points year over year to 46.2%.Adjusted operating expenses dropped 16% year over year to $82.6 million.The adjusted operating income totaled $39 million, down 83.3% from $233.6 million reported in the year-ago quarter.\nFinancial Details\nEnphase Energy had $253.7 million in cash and cash equivalents as of Mar 31, 2024 compared with $288.7 million as of Dec 31, 2023.Cash flow from operating activities amounted to $49.2 million as of Mar 31, 2024 compared with $246.2 million in the prior-year period.\nQ2 Guidance\nFor the second quarter of 2024, ENPH expects revenues in the range of $290-$330 million. The Zacks Consensus Estimate for second-quarter revenues is pegged at $361.5 million, which lies above the company’s guided range.Enphase Energy expects shipments in the range of 100-120 MW hours of IQ batteries for the second quarter.Adjusted operating expenses are expected between $78 million and $82 million. This excludes approximately $56 million estimated for stock-based compensation expenses and acquisition-related costs and amortization, as well as restructuring and asset impairment charges.The adjusted gross margin is expected in the range of 44-47%, excluding stock-based compensation expenses and acquisition-related amortization.\nZacks Rank\nEnphase Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nUpcoming Solar Releases\nFirst Solar, Inc. FSLR is scheduled to report first-quarter 2024 results on May 1 after market close. The Zacks Consensus Estimate for FSLR’s first-quarter earnings is pegged at $2.03 per share, which calls for an increase of 407.5% from the prior year quarter’s reported figure.The Zacks Consensus Estimate for FSLR’s first-quarter sales is pegged at $746.5 million, which implies an improvement of 36.1% from the prior year quarter’s reported figure.Canadian Solar, Inc. CSIQ is set to report first-quarter 2024 results on May 9 before market open. The Zacks Consensus Estimate for CSIQ’s first-quarter earnings is pegged at a loss of 26 cents per share, which indicates a deterioration from the prior year quarter’s reported earnings figure of $1.19.The Zacks Consensus Estimate for CSIQ’s first-quarter sales is pegged at $1.28 billion, which implies a decline of 25% from the prior year quarter’s reported figure.Nextracker Inc. NXT is slated to report first-quarter 2024 results on May 14 after market close. The Zacks Consensus Estimate for NXT’s first-quarter earnings is pegged at 60 cents per share, which suggests growth of 185.7% from the prior year quarter’s reported figure.The Zacks Consensus Estimate for NXT’s first-quarter sales is pegged at $681.8 million, which indicates an improvement of 31.5% from the prior year quarter’s reported figure. \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFirst Solar, Inc. (FSLR) : Free Stock Analysis Report\nCanadian Solar Inc. (CSIQ) : Free Stock Analysis Report\nEnphase Energy, Inc. (ENPH) : Free Stock Analysis Report\nNextracker Inc. (NXT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429450002"}