Enphase Energy Inc (ENPH) reported an earnings beat for its 4th quarter, ending 12/31/2022. Earnings per share were $1.51 versus the expected $1.27.
Revenue came in at $724.65 million. That represents growth of 14.17% compared to the previous quarter, and growth of 75.58% compared to the same period last year.
Often, earnings announcements affect a stock’s price. You can find more information about ENPH stock on the company’s reports.
You can also follow-up on more upcoming earnings releases expected this week and next week on our calendar.
What’s Next for Enphase Energy Inc, Post-Earnings?
According to TipRanks, the average analyst consensus on ENPH stock is a Moderate Buy. This consensus is based on 11 analyst ratings made in the past 3 months. Enphase Energy Inc’s average price target of $306.36 implies upside potential of 34.10% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings beat can signify positive movement ahead for a stock’s price. Currently, ENPH price is $228.46, indicating a 5-day rise of 0.33%.
About Enphase Energy Inc
Enphase Energy, Inc. is an energy technology company that provides energy management technology solutions for the solar photovoltaic industry worldwide. It engages in designing, developing, manufacturing and selling software-driven home energy solutions, which connect energy generation, energy storage and web-based control and communications management services.
Learn more about ENPH financials here
