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Sunrun (RUN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Sunrun (RUN) reported $516.59 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 15.2%. EPS of -$1.33 for the same period compares to $0.29 a year ago.

The reported revenue represents a surprise of +3.37% over the Zacks Consensus Estimate of $499.74 million. With the consensus EPS estimate being -$0.13, the EPS surprise was -923.08%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Sunrun performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Solar Energy Capacity Installed for Subscribers: 208.2 MW versus 228.15 MW estimated by four analysts on average.

  • Networked Solar Energy Capacity: 6,689 MW compared to the 7,241.17 MW average estimate based on three analysts.

  • Revenue- Solar energy systems and product sales: $195.04 million compared to the $165.32 million average estimate based on five analysts. The reported number represents a change of -46.8% year over year.

  • Revenue- Customer agreements and incentives: $321.56 million compared to the $297.30 million average estimate based on five analysts. The reported number represents a change of +32.7% year over year.

  • Gross Profit- Solar Energy Systems and Product: $0.23 million versus $27.16 million estimated by four analysts on average.

  • Gross Profit- Customer Agreements and Incentives: $33.78 million versus $21.55 million estimated by four analysts on average.

View all Key Company Metrics for Sunrun here>>>

Shares of Sunrun have returned +11.8% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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