Sunrun Expected to Report Significant Quarterly Loss
Wall Street analysts predict that Sunrun (RUN) will announce a quarterly loss of $0.27 per share in its forthcoming earnings report, reflecting a substantial year-over-year increase of 79.7%. The company’s projected revenues are estimated at $538.42 million, marking a 4.2% rise compared to the same quarter last year. Over the past month, the consensus earnings per share (EPS) estimate has seen a downward adjustment of 4.2%, indicating a revision of forecasts by analysts during this period. Understanding these changes in earnings estimates is crucial, as they can influence investor sentiment and stock market reactions. Research consistently shows a strong link between revisions in earnings estimates and the short-term performance of a stock.
Insights into Sunrun’s Revenue Forecasts
While investors often rely on consensus earnings and revenue estimates to gauge business performance, diving deeper into analysts’ predictions for specific metrics can yield valuable insights. For Sunrun, the consensus estimate for ‘Revenue from Customer Agreements and Incentives’ stands at $375.17 million, suggesting a year-over-year growth of 16.7%. Analysts project ‘Revenue from Solar Energy Systems and Product Sales’ to reach $158.65 million, reflecting an anticipated decline of 18.7% from the previous year. Additionally, the expected revenue from ‘Solar Energy Systems’ is estimated to be $72.53 million, which indicates a decrease of 19% year-over-year. The analysts also forecast that revenue from ‘Incentives’ will total $39.43 million, showing a growth of 17% compared to the same quarter last year. For ‘Products’, the forecast is set at $88.70 million, which represents a decline of 15.9% from the prior year. Furthermore, the expected revenue from ‘Customer Agreements’ is projected to reach $353.72 million, indicating a significant year-over-year increase of 22.9%.
Analysts’ Projections on Solar Energy Capacity
The average analysts’ prediction for ‘Solar Energy Capacity Installed for Subscribers’ is set at 248.89 MW, which is an increase from the 208.2 MW reported in the same quarter last year. Analysts expect the ‘Networked Solar Energy Capacity’ to reach 7,562.94 MW, compared to the previous year’s figure of 6,689 MW for the same quarter.
Profit and Cost Forecasts for Sunrun
According to analysts, ‘Gross Profit from Customer Agreements and Incentives’ is anticipated to be around $62.21 million, a significant increase from the $33.78 million reported in the same quarter last year. The ‘Cost of Solar Energy Systems and Product Sales’ is projected to total $152.12 million, down from $194.81 million in the same quarter last year. Analysts also estimate that the ‘Cost of Customer Agreements and Incentives’ will reach $307.94 million, which represents a rise from the $287.78 million reported a year ago.
Sunrun Share Performance and Market Outlook
In the past month, Sunrun’s shares have declined by 17.7%, while the Zacks S&P 500 composite has experienced a modest decrease of 0.5%. Currently, Sunrun holds a Zacks Rank of #3 (Hold), suggesting that its performance might mirror the overall market trends in the near term.
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