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.
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 $1.15, which is worse than the estimate ninety days ago.
Here’s how Canadian Solar has been performing on an annual basis:
|Revenue ($) 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|
Canadian Solar has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)