SolarEdge Technologies closed the most recent trading day at $34.68, down 5.63% from the previous session, lagging the S&P 500's 0.86% gain. The photovoltaic products maker's shares had gained 14.2% over the past month, outpacing the Oils-Energy sector's 5.4% gain and the S&P 500's 1.96% loss. Ahead of its upcoming earnings disclosure, SolarEdge is projected to report earnings of $0.03 per share, representing year-over-year growth of 109.68%, on revenue of $328.24 million, down 3.51% from the prior-year quarter. For the full year, the Zacks Consensus Estimates project earnings of -$0.22 per share and revenue of $1.33 billion, changes of +90.76% and +12.53% respectively from the preceding year. Over the past month the Zacks Consensus EPS estimate has moved 4.14% higher, and SolarEdge currently carries a Zacks Rank of #3 (Hold).
SolarEdge Technologies IncShares fell 5.63% ahead of earnings; consensus projects $0.03 EPS and $328.24M revenue, with no stated cause for the drop.
