ENPH's fourth-quarter revenues beat the Zacks Consensus Estimate by 1.8%. The top line also increases 26.5% from the year-ago level.
Enphase Energy reported better-than-expected fourth-quarter results, with both revenues and profitability coming in above consensus expectations. While revenues in the company's core domestic market increased by 6% on a sequential basis, sales in Europe were down by a whopping 25%. Even in the current market environment, ENPH continues to generate substantial free cash flow which has been mostly utilized for share buybacks in recent quarters.
Enphase Energy, Inc. (NASDAQ:ENPH ) Q4 2024 Earnings Conference Call February 4, 2024 4:30 PM ET Company Participants Zach Freedman - IR Badri Kothandaraman - President and CEO Mandy Yang - CFO Raghu Belur - Chief Products Officer Conference Call Participants Brian Lee - Goldman Sachs Phil Shen - ROTH Capital Partners Julien Dumoulin-Smith - Jefferies Colin Rusch - Oppenheimer Andrew Percoco - Morgan Stanley Christine Cho - Barclays Praneeth Satish - Wells Fargo Mark Strouse - JPMorgan Kashy Harrison - Piper Sandler Joseph Osha - Guggenheim Maheep Mandloi - Mizuho Dylan Nassano - Wolfe Research Gordon Johnson - GLJ Research Austin Moeller - Canaccord Jeffrey Osborne - TD Cowen Operator Good afternoon, everyone and welcome to the Enphase Energy's Fourth Quarter 2024 Financial Results Conference Call. All participants will be in a listen-only mode.
Enphase Energy (ENPH) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.54 per share a year ago.
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Wall Street was keeping a close and cautious eye on Enphase's outlook ahead of Tuesday's numbers, due to competition in U.S. and continued softness in the EU.
Enphase Energy (ENPH 3.66%), a leader in microinverter technology, released its earnings for the fourth quarter on Feb. 4. The company reported strong financial results, with non-GAAP earnings per share (EPS) of $0.94 significantly outpacing analyst estimates of $0.73.
Enphase Energy presents a contrarian buying opportunity with its stock price down 85% over 24 months, while still profitable and delivering substantial free cash flow. Valuation metrics are attractive, highlighted by forward estimated P/E ratios at historic lows. The balance sheet is conservative, with sufficient current assets to cover all liabilities, ensuring survival through the industry downturn.
In this video, Motley Fool contributors Jason Hall and Tyler Crowe make the case that Enphase Energy (ENPH 1.94%) stock is undervalued and investors should consider starting a position before it reports earnings on Feb. 4.
Enphase Energy (ENPH) closed at $62.05 in the latest trading session, marking a +1.94% move from the prior day.
ENPH's Q4 results are expected to reflect robust top-line performance, driven by new product launches as well as higher shipments of microinverters and batteries.
Enphase Energy (ENPH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.