SolarCity (SCTY): Earnings Preview

SolarCity Corporation (SCTY) is set to report second-quarter fiscal’15 earnings today, after the close , July 29. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected loss of $1.58 per share, up from a loss of $0.96 in the same quarter last year. Revenue is projected to post a 136.70% year-over-year increase to $89.83 million from $37.95 million a year earlier.

As a quick reminder, the solar energy systems manufacturer reported 1Q/15 EPS loss of $1.52, $0.06 better than the Street’s consensus estimate. Revs increased nearly 7% year-over-year to $67.5 million versus the $57.7 million consensus.

On valuation mesures, SolarCity Corporation, currently valued at $5.38 billion, has a median Wall Street price target of $75.00 with a high target of $99.00. Over the past year, shares of San Mateo, California-based company have traded between a low of $45.91 and a high of $79.40 with the 50-day MA and 200-day MA located at $54.72 and $54.83 levels, respectively. Additionally, shares of SCTY trade at a P/E ratio of 0.23 and have a Relative Strength Index (RSI) and MACD indicator of 52.42 and +0.94, respectively.

SCTY currently prints a one year loss of about 25% and a year-to-date return of 2.26%.

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