Canadian Solar First Quarter Earnings Sneak Peek

Canadian Solar Inc. (NASDAQ:CSIQ) will unveil its latest earnings on Thursday, May 10, 2012. Canadian Solar designs, develops, manufactures, and sells solar cell and solar module products that convert sunlight into electricity.

Canadian Solar Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 53 cents per share, a swing from profit of 44 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from a loss of 33 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 53 cents during the last month.

Past Earnings Performance: The company showed a loss of $1.42 per share versus a mean estimate of net loss of last quarter. This marks the fourth month of falling short of estimates.

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Wall St. Revenue Expectations: On average, analysts predict $361.5 million in revenue this quarter, a decline of 18.5% from the year-ago quarter. Analysts are forecasting total revenue of $1.81 billion for the year, a decline of 4.7% from last year’s revenue of $1.9 billion.

Analyst Ratings: Analysts seem relatively indifferent about Canadian Solar with six of seven analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $59.9 million ($1.39 a share) from a profit of $25.5 million (59 cents) a year earlier, missing analyst expectations. Revenue rose 4.7% to $474.1 million from $452.7 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 31.6% in the first quarter of the last fiscal year, 46.6% in the second quarter of the last fiscal year and 32.5% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between March 8, 2012 and May 4, 2012, the stock price had risen 60 cents (20.2%), from $2.97 to $3.57. The stock price saw one of its best stretches over the last year between April 24, 2012 and May 1, 2012, when shares rose for six straight days, increasing 12.1% (+39 cents) over that span. It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight days, dropping 21.8% (-$2.10) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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