SolarEdge Earnings and Guidance Miss, Revenue Tops Estimates

Investing.com2024-08-08

SolarEdge Technologies Inc (NASDAQ: SEDG) reported second quarter EPS of $-1.79, $0.27 worse than the analyst estimate of $-1.52. Revenue for the quarter came in at $265.4M versus the consensus estimate of $264.31M.

Guidance

SolarEdge Technologies Inc sees Q3 2024 revenue of $260.00M-$290.00M versus the analyst consensus of $354.70M.

SolarEdge shares sank 13% in premarket trading on Thursday.

SolarEdge Technologies Inc's stock price closed at $23.59. It is down -52.31% in the last 3 months and down -86.78% in the last 12 months.

SolarEdge Technologies Inc saw 0 positive EPS revisions and 23 negative EPS revisions in the last 90 days. See SolarEdge Technologies Inc's stock price’s past reactions to earnings here.

According to InvestingPro, SolarEdge Technologies Inc's Financial Health score is "fair performance".

Check out SolarEdge Technologies Inc's recent earnings performance, and SolarEdge Technologies Inc's financials here.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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Revenue for the quarter came in at $265.4M versus the consensus estimate of $264.31M.</p><h2 id=\"id_2951684474\" style=\"text-align: start;\">Guidance</h2><p style=\"text-align: start;\">SolarEdge Technologies Inc sees Q3 2024 revenue of $260.00M-$290.00M versus the analyst consensus of $354.70M.</p><p>SolarEdge shares sank 13% in premarket trading on Thursday.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d1fd43a03cae248a7edcff010890a919\" tg-width=\"411\" tg-height=\"384\"/></p><p style=\"text-align: start;\">SolarEdge Technologies Inc&#39;s stock price closed at $23.59. It is down -52.31% in the last 3 months and down -86.78% in the last 12 months.</p><p style=\"text-align: start;\">SolarEdge Technologies Inc saw 0 positive EPS revisions and 23 negative EPS revisions in the last 90 days. 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