SolarEdge Technologies Anticipates Q4 2023 Earnings Report

SolarEdge Technologies, listed under NASDAQ:SEDG, is poised to release its fourth-quarter earnings report for the fiscal year 2023. The date set for the announcement is Tuesday, February 20th, which will occur after the market has closed for the day.

Financial Expectations

Industry analysts have formed a consensus on the expected performance metrics for SolarEdge Technologies in Q4. The consensus earnings per share (EPS) estimate stands at -$1.34, coupled with a revenue estimate that reaches approximately $325 million. These numbers are critical for investors as they prepare to measure the company's performance against market expectations.

Historical Performance

In retrospection, SolarEdge has a varied track record when it comes to surpassing EPS and revenue estimates. In the past two years, the company exceeded EPS estimates 38% of the time while outperforming revenue estimates on 75% of occasions. This historical insight offers context for previous forecasting accuracy and actual outcomes.

Recent Estimate Revisions

Reflecting on the last quarter, the company's EPS estimates have been adjusted multiple times by the analysts, undergoing 5 upward revisions and 11 downward revisions. In contrast, revenue estimates remained more static, with no upward revisions and 10 downward revisions. These revisions could signify changing sentiments about the company's near-term financial health and market performance.

Related SolarEdge News

Several recent discussions and reports might shape the outlook for SolarEdge. Speculation on the European market's recovery could prove advantageous for the company. Despite this, SolarEdge faces challenges, including a reduction of its workforce by 16% due to sliding revenues, as well as less optimistic evaluations from financial institutions like Barclays, which recommend a sell equivalent for SolarEdge's stocks, highlighting a more favorable outlook for competitors such as Enphase.

SolarEdge, Earnings, Technology