Canadian Solar Earnings: What Investors Should Watch

Canadian Solar (NASDAQ:CSIQ) will report earnings before markets open on Tuesday, May 28th. Canadian Solar Inc. designs, manufactures, and sells solar module products that convert sunlight into electricity for a variety of uses. The Company’s products include a range of standard solar modules for use in a wide range of residential, commercial, and industrial solar power generation systems.

Here is your Cheat Sheet to Canadian Solar Earnings:

Earnings Expectations: Analysts expect earnings of $-0.78 per share on revenues of $197.00 million.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.1 to a loss $0.37. For the current year, the average estimate is a loss of $1.15, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Canadian Solar has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 705 631 1,496 1,899 1,295
Diluted EPS ($) -0.32 1.41 1.16 -2.11 -4.53

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 325.80 348.22 325.96 294.84
Diluted EPS ($) -0.49 -0.59 -1.01 -2.43

Past Performance:
Canadian Solar has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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

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