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Sunrun (RUN) to Report Q3 Earnings: What's in the Cards?

Sunrun Inc. RUN is set to release third-quarter 2019 results on Nov 12, after market close.

In the last reported quarter, the company delivered a negative earnings surprise of 105.88%. Moreover, it missed the Zacks Consensus Estimate in the trailing four quarters, the average negative surprise being 115.03%.

Let’s see how things are shaping up prior to this announcement.

Factors at Play

Sunrun has been witnessing a considerable rise in megawatt deployment and customer strength.  It is likely to have been on track with its earlier announced expectations of more than 100% growth in Brightbox battery system installations this year.  

Considering these, the Zacks Consensus Estimate for Sunrun’s third-quarter revenues currently pegged at $207.5 million reflects a 1.2% rise from the year-ago quarter’s reported number.

During the second-quarter earnings call, the company expected to witness a decline in its creation cost for the remainder of 2019. Further, it has been achieving significant annual cost reductions over the past three years.

In line with these, the Zacks Consensus Estimate for Sunrun’s third-quarter earnings pegged at 27 cents indicates a notable improvement against a loss of 2 cents reported in the year-ago quarter.

Sunrun Inc. Price and EPS Surprise

What the Zacks Model Unveils

Our proven model does not conclusively predict an earnings beat for Sunrun this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Sunrun has an Earnings ESP of +188.75% and a Zacks Rank #5 (Strong Sell). You can see the complete list of today’s Zacks #1 Rank stocks here.

Recent Solar Releases

SunPower Corp. SPWR reported adjusted earnings of 22 cents per share in third-quarter 2019 against the Zacks Consensus Estimate of a loss of a penny. The company had incurred a loss of 29 cents per share in the year-ago quarter.

Enphase Energy, Inc. ENPH reported third-quarter 2019 adjusted earnings of 30 cents per share, which surpassed the Zacks Consensus Estimate of 25 cents by 20%. The bottom line also improved a massive 650% from 4 cents reported in the prior-year quarter.

First Solar Inc. FSLR reported third-quarter 2019 adjusted earnings of 29 cents per share, missing the Zacks Consensus Estimate of $1.06 by 72.6%. The reported number, however, grew from the prior-year quarter’s loss per share of 18 cents.

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Enphase Energy, Inc. (ENPH): Free Stock Analysis Report
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First Solar, Inc. (FSLR): Free Stock Analysis Report
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