Zacks: Analysts Expect Sunrun (RUN) Will Announce Earnings of $0.30 Per Share

Analysts expect that Sunrun (NASDAQ:RUN) will post $0.30 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Sunrun’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.49. Sunrun posted earnings of $0.12 per share during the same quarter last year, which would indicate a positive year over year growth rate of 150%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, May 9th.

According to Zacks, analysts expect that Sunrun will report full year earnings of $1.43 per share for the current year, with EPS estimates ranging from $0.29 to $2.37. For the next year, analysts anticipate that the company will post earnings of $1.77 per share, with EPS estimates ranging from $0.34 to $3.20. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Sunrun.

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Sunrun (NASDAQ:RUN) last released its earnings results on Tuesday, March 6th. The energy company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.12). The firm had revenue of $146.44 million during the quarter, compared to analysts’ expectations of $133.62 million. Sunrun had a net margin of 23.51% and a return on equity of 8.54%.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Sunrun from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub lowered shares of Sunrun from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 11th. UBS started coverage on shares of Sunrun in a report on Thursday, March 15th. They set a “buy” rating and a $8.00 price objective on the stock. Deutsche Bank set a $10.00 price objective on shares of Sunrun and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Credit Suisse Group started coverage on shares of Sunrun in a report on Monday, February 12th. They set an “outperform” rating and a $15.00 price objective on the stock. Two analysts have rated the stock with a sell rating and ten have assigned a buy rating to the stock. Sunrun presently has a consensus rating of “Buy” and a consensus price target of $9.98.

In other news, CEO Lynn Michelle Jurich sold 36,522 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $8.92, for a total transaction of $325,776.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 24.13% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP raised its holdings in Sunrun by 9.2% in the fourth quarter. First Trust Advisors LP now owns 116,870 shares of the energy company’s stock valued at $690,000 after buying an additional 9,848 shares during the period. Brandywine Global Investment Management LLC raised its holdings in Sunrun by 18.6% in the fourth quarter. Brandywine Global Investment Management LLC now owns 76,162 shares of the energy company’s stock valued at $450,000 after buying an additional 11,937 shares during the period. New York State Common Retirement Fund raised its holdings in Sunrun by 16.9% in the third quarter. New York State Common Retirement Fund now owns 89,200 shares of the energy company’s stock valued at $495,000 after buying an additional 12,900 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Sunrun by 5.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 289,287 shares of the energy company’s stock valued at $1,606,000 after buying an additional 13,667 shares during the period. Finally, First Republic Investment Management Inc. raised its holdings in Sunrun by 44.2% in the fourth quarter. First Republic Investment Management Inc. now owns 53,919 shares of the energy company’s stock valued at $319,000 after buying an additional 16,537 shares during the period. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NASDAQ:RUN traded up $0.13 on Monday, reaching $8.63. The stock had a trading volume of 1,503,139 shares, compared to its average volume of 2,123,348. The firm has a market cap of $912.01, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 0.30 and a beta of -1.03. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 1.22. Sunrun has a 12-month low of $4.21 and a 12-month high of $10.16.

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Sunrun Company Profile

Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.

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