Sunrun Inc. (RUN) Getting Ready For A Turnaround?

Sunrun Inc. (NASDAQ:RUN) is expected to announce second quarter financial results after market close (confirmed) on September 14, 2017. The company added about 39.9% percent in value since last earnings when it was at $5.09. Based on the most relevant historical data, there is a 57 percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved down 4 times out of last 7 quarters. It has topped earnings-per-share estimates 87% of the time in its last 12 earnings reports. It missed earnings on 0 occasions, and it has met expectations 0 time.

Sunrun Inc. (NASDAQ:RUN) Earnings Reaction History

Overall, the average earnings surprise was 204.38 percent over the past four quarters. It posted earnings per share at $0.12 which missed the consensus $0.14 projection (Negative surprise of -14.30%). Revenue came in at $104.12M versus consensus estimate of $119.35M. The stock dropped -1.77% percent the day following the earnings was released, and on 7th day price change was -5.50% percent.

On March 08, 2017, it posted earnings per share at $0.27 versus the consensus estimate of $0.05 (Positive surprise of 440.00%). Revenue of $120.58M was below the $125M analysts had expected. The stock dropped the day following the earnings was released, and on 7th day price change was .

On November 10, 2016, it posted earnings per share at $0.16, topped the consensus estimate of $-0.14 (Positive surprise of 214.30%). Revenue for the quarter was $112.03M while analysts had expected revenues to come in at $132.61M. The stock gained 8.49% the day following the earnings was released, and on 7th day price change was <spanstyle=’color:red;’>N/A.

On December 31, 1969, it posted earnings per share at $0.31 compared with the consensus estimate of $-0.4 (Positive surprise of 177.50%). That came on revenues of $122.54M for the quarter. Analysts had expected $111.15M in revenue.</spanstyle=’color:red;’>

Sunrun Inc. (NASDAQ:RUN) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $0.34. The analysts’ current consensus range is $0.06-$0.74 for EPS. The market consensus range for revenue is $132.2M-$150.6M, with an average of $142.74M.

Sunrun Inc. (NASDAQ:RUN) last closed at $7.24, sending the company’s market cap around $779.53M. The consensus 12-month price target from brokerage firms covering the stock is $N/A. The share price has declined -1.50% from its best level in 52 weeks and advanced 36.35% this year. It recently traded in a range of $7.0601-$7.30 at a volume of 834,849 shares. The stock ended last trading session with the price nearly 6.00% higher for the last 5 trading days, rebounding 74.46% from its 52-week low.

 

Elbert Edwards: