SolarEdge Technologies, Inc. reports results for the quarter ended September 30 - Earnings Summary

• SolarEdge Technologies, Inc. reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -31 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 4 cents per share. Wall Street expected results to range from -28 cents to 37 cents per share.

• Revenue fell 4.1% to $326.08 million from a year ago; analysts expected $326.60 million.

• SolarEdge Technologies, Inc.'s reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $8.39 million.

• SolarEdge Technologies, Inc. shares had risen by 3.2% this quarter and gained 14.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 34.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 19 "hold" and 6 "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

• Wall Street's median 12-month price target for SolarEdge Technologies, Inc. is $35.00, about 6.1% above its last closing price of $32.88

This summary was machine generated from LSEG data November 4 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)