Enphase Energy expected to post more than 70% Y/Y jump for Q4 earnings & revenue
mesut zengin/iStock via Getty Images

Enphase Energy (NASDAQ:ENPH) is scheduled to announce Q4 earnings results on Tuesday, February 7th, after market close.
The consensus EPS Estimate is $1.26 (+72.6% Y/Y) and the consensus Revenue Estimate is $703.16M (+70.4% Y/Y).
Over the last 2 years, ENPH has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
Over the last 3 months, EPS estimates have seen 2 upward revisions and 4 downward. Revenue estimates have seen 3 upward revisions and 2 downward.
Shares of ENPH jumped in late Oct. after the residential solar power provider beat Q3 estimates for earnings and revenue and issued better-than-expected sales guidance for Q4.
For Q4, ENPH is expected to post a healthy jump of more than 70% Y/Y for both earnings and revenue, helped by a favorable regulatory environment, government incentives under the Inflation Reduction Act, and strong demand for solar, storage, EV and energy management products.
ENPH stock gained more than 44% in 2022 as part of a broader advance in shares of energy and renewable energy companies. ENPH has slipped more than 15% so far in 2023.
"ENPH's significant stock declines are likely attributed to the declining oil/gas prices and supply glut, contributing to plunging polysilicon prices," Seeking Alpha contributor Juxtaposed Ideas said in an analysis of ENPH in late Jan., adding that while ENPH's long-term prospects remained "robust," there may be more "bottom tests ahead."
Last month, Piper Sandler downgraded its rating on ENPH, citing a higher-than-expected fall in demand for residential solar loans.
According to the International Energy Agency, solar PV's installed power capacity is expected to surpass that of coal by 2027 and become the largest in the world, which would help ENPH and other solar power providers.