Sunrun (RUN) Suffers a Larger Drop Than the General Market: Key Insights

Sunrun (RUN) closed at $11.97 in the latest trading session, marking a -5.23% move from the prior day. This change lagged the S&P 500's 1.52% loss on the day. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 1.78%.

Prior to today's trading, shares of the solar energy products distributor had lost 34.08% lagged the Oils-Energy sector's gain of 5.1% and the S&P 500's loss of 2.25%.

Market participants will be closely following the financial results of Sunrun in its upcoming release. The company is forecasted to report an EPS of -$0.08, showcasing a 140% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $681.7 million, up 35.19% from the prior-year quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.2 per share and revenue of $3.18 billion. These totals would mark changes of -88.3% and +7.56%, respectively, from last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Sunrun. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 44.67% decrease. Right now, Sunrun possesses a Zacks Rank of #3 (Hold).

Digging into valuation, Sunrun currently has a Forward P/E ratio of 62.68. This indicates a premium in contrast to its industry's Forward P/E of 17.91.

The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 159, placing it within the bottom 36% of over 250 industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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