Solaredge Technologies (SEDG) Scheduled to Post Earnings on Thursday

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Solaredge Technologies (NASDAQ:SEDG) will be posting its quarterly earnings results after the market closes on Thursday, November 1st. Analysts expect Solaredge Technologies to post earnings of $0.74 per share for the quarter.

Solaredge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.09. Solaredge Technologies had a return on equity of 32.26% and a net margin of 14.85%. The firm had revenue of $227.10 million during the quarter, compared to analysts’ expectations of $225.31 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue was up 66.9% on a year-over-year basis. On average, analysts expect Solaredge Technologies to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of SEDG opened at $38.01 on Wednesday. Solaredge Technologies has a one year low of $30.80 and a one year high of $70.74. The firm has a market capitalization of $1.67 billion, a P/E ratio of 16.89, a PEG ratio of 0.61 and a beta of -0.48.

Several analysts recently commented on the company. B. Riley set a $64.00 price objective on Solaredge Technologies and gave the stock a “buy” rating in a report on Friday, August 3rd. ValuEngine lowered Solaredge Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Roth Capital set a $60.00 price objective on Solaredge Technologies and gave the stock a “buy” rating in a report on Friday, August 3rd. BidaskClub lowered Solaredge Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Finally, Zacks Investment Research lowered Solaredge Technologies from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Solaredge Technologies has a consensus rating of “Hold” and a consensus target price of $55.67.

Solaredge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.

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Earnings History for Solaredge Technologies (NASDAQ:SEDG)

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