Enphase Energy Earnings: Here’s Why Investors are Not Happy Now

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Enphase Energy Inc (NASDAQ:ENPH) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.80%.

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Enphase Energy Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.25 in the quarter versus EPS of $-5.38 in the year-earlier quarter.

Revenue: Rose 7.04% to $45.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS loss of $0.25 per share. By that measure, the company missed the mean analyst estimate of $-0.23. It beat the average revenue estimate of $45.13 million.

Quoting Management: “We are pleased with our first quarter results and are off to a strong start for 2013. During a seasonally softer portion of the year, revenue came in at the high end of our guidance and continues to demonstrate healthy top line growth on a year-over-year basis,” commented Paul Nahi, CEO of Enphase. “Additionally, we improved our gross margins year-over-year, while maintaining tight control on our operating expenses, keeping them flat on a sequential basis.”

Key Stats (on next page)…

Revenue decreased 20.79% from $57.57 million in the previous quarter. EPS increased to $-0.25 in the quarter versus EPS of $-0.12 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.15 to a loss $0.11. For the current year, the average estimate has moved up from a loss of $0.41 to a loss of $0.28 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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