Generac Earnings Preview: Q4 Results and Analyst Expectations
Key Metrics:
* Revenue: Forecast to grow 16.9% YoY to $1.24B
* Adjusted Earnings: Estimated at $2.53 per share
Analyst Outlook:
* Estimates have remained stable in the past 30 days, indicating anticipation of solid performance.
* Generac has missed revenue expectations 5 times in the past 2 years.
Peer Performance:
* American Superconductor (AMSC) reported 56% YoY revenue growth, beating estimates.
* Nextracker (NXTK) saw a 4.4% revenue decline, but exceeded estimates.
Market Sentiment:
* Renewable energy sector has experienced positive sentiment, with share prices rising an average of 2.4% in the past month.
* Generac shares have declined 9.4% within the same period.
Analyst Target Price:
* Average analyst price target is $173.51, compared to the current share price of $144.60.
Other Considerations:
* Generative AI is expected to have a significant impact on large corporations.
* Alternative investment options in the semiconductor industry benefiting from AI growth are available for consideration.