Sunrun (RUN) Reports Q2: Everything You Need to Know Before Earnings Announcement

Residential solar company Sunrun (NASDAQ:RUN) will report earnings tomorrow after the market closes. Here’s what to expect.

Sunrun missed analysts’ revenue expectations by 3% in its latest quarter, posting revenue of $458.2 million, down 22.3% year over year. It was a very strong quarter for the company, with an impressive beat on analysts’ earnings estimates. The company added 24,038 customers, reaching a total of 957,313.

Is Sunrun a buy or sell on earnings? Read our full analysis here, it’s free.

Analysts are expecting Sunrun’s revenue to decline 12.3% year over year to $517.7 million for the quarter, a slowdown from flat revenue in the same quarter last year. Adjusted loss is expected to be -$0.40 per share.

Most analysts covering the company have reaffirmed their estimates over the past 30 days, suggesting they expect the company to maintain its course toward earnings. Sunrun has missed Wall Street revenue estimates four times in the past two years.

Looking at Sunrun’s competitors in the electrical equipment segment, some have already reported second-quarter results, giving us a hint of what to expect. Nextracker reported year-over-year revenue growth of 50.1%, beating analyst expectations by 16.8%, while Generac reported flat revenue, in line with consensus estimates. Nextracker fell 10.3% after the results, while Generac also fell 6.4%.

Read our full analysis of Nextracker’s results here and Generac’s results here.

Investors in the electrical equipment segment are in positive spirits, with shares up an average of 2.8% over the past month. Sunrun is up 32% in the same time frame and is on track for profit with an average analyst price target of $20.4 (compared to the current share price of $16.7).

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