Benzinga | Jul 30, 2021 10:36AM EDT

SolarEdge Technologies's Earnings: A Preview

On Monday, August 02, SolarEdge Technologies (NASDAQ:SEDG) will release its latest earnings report. Benzinga's outlook for SolarEdge Technologies is included in the following report.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

SolarEdge Technologies EPS will likely be near $1.12 while revenue will be around $454.69 million, according to analysts. SolarEdge Technologies EPS in the same period a year ago totaled $0.97. Sales were $331.85 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Monday, EPS would be up 15.46%. Sales would be up 37.02% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate 0.99 0.86 0.81 0.69EPS Actual 0.98 0.98 1.21 0.97Revenue Estimate 396.21 M 356.25 M 341.88 M 319.42 MRevenue Actual 405.49 M 358.11 M 338.10 M 331.85 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of SolarEdge Technologies were trading at $261.13 as of July 29. Over the last 52-week period, shares are up 49.72%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. SolarEdge Technologies is scheduled to hold the call at 16:30:00 ET and can be accessed here.