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Sunrun (RUN) closed at $50.09 in the latest trading session, marking a -1.05% move from the prior day. This move lagged the S&P 500's daily gain of 0.24%.
Prior to today's trading, shares of the solar energy products distributor had lost 6.91% over the past month. This has was narrower than the Oils-Energy sector's loss of 9.08% and lagged the S&P 500's gain of 4.09% in that time.
Wall Street will be looking for positivity from RUN as it approaches its next earnings report date. This is expected to be August 5, 2021. The company is expected to report EPS of -$0.02, up 81.82% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $374.36 million, up 106.5% from the prior-year quarter.
RUN's full-year Zacks Consensus Estimates are calling for earnings of -$0.15 per share and revenue of $1.48 billion. These results would represent year-over-year changes of +64.29% and +60.65%, respectively.
Investors should also note any recent changes to analyst estimates for RUN. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.72% lower within the past month. RUN currently has a Zacks Rank of #4 (Sell).
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 242, putting it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow RUN in the coming trading sessions, be sure to utilize Zacks.com.
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