SolarEdge Technologies, Inc. SEDG is set to report second-quarter 2021 results on Aug 2, after market close. In the last reported quarter, the company delivered a negative earnings surprise of 2.97%.However, the bottom line outpaced the Zacks Consensus Estimate in three of the trailing four quarters, the average surprise being 24.45%.Let’s see how things have shaped up prior to this announcement.Factors at PlayIn recent times, the company's solar business is expanding, driven by increased demand for both residential and commercial products in the European and North American markets. Anticipating a similar trend to have prevailed in the soon-to-reported quarter, we remain optimistic about the company’s second-quarter performance.During the first-quarter earnings call, the company announced its expectation to witness a ramp-up in commercial installations during the second quarter, led by improving global commercial shipments, particularly in the United States. Notably, as commercial installations and opportunity pipeline tend to expand, we may expect commercial revenues to have improved in the second quarter.Such developments are likely to have favorably contributed to its quarterly revenues. The Zacks Consensus Estimate for second-quarter revenues is pegged at $457 million, indicating a 37.7% surge from the figure reported in the year-ago quarter.However, in recent times, the company has been experiencing a substantial increase in ocean freight prices as a result of the effects of the COVID-19 pandemic on trade and supply chains. Increased cost of certain components and such high freight costs are expected to have negatively impacted SolarEdge’s earnings in the soon-to-be reported quarter.Nevertheless, an expansion of sales infrastructure in all businesses of SolarEdge is projected to have bolstered its second-quarter operating profit, thereby favorably contributing to its quarterly bottom-line performance.The Zacks Consensus Estimate for second-quarter earnings is pegged at $1.12 per share, implying a 15.5% increase from the figure reported in the year-ago quarter.SolarEdge Technologies, Inc. Price and EPS Surprise SolarEdge Technologies, Inc. price-eps-surprise | SolarEdge Technologies, Inc. QuoteWhat the Zacks Model UnveilsOur proven model does not conclusively predict an earnings beat for SolarEdge 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.SolarEdge has an Earnings ESP of -3.86% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.Upcoming Solar ReleasesSunPower Corporation SPWR is set to release second-quarter numbers on Aug 3.Sunrun RUN is set to release second-quarter 2021 results on Aug 5.First Solar FSLR is set to release second-quarter numbers on Jul 29. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Solar, Inc. (FSLR): Free Stock Analysis Report SunPower Corporation (SPWR): Free Stock Analysis Report SolarEdge Technologies, Inc. (SEDG): Free Stock Analysis Report Sunrun Inc. (RUN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research