JA Solar Holdings Co. Ltd. Third Quarter Earnings Sneak Peek

JA Solar Holdings, Co., Ltd. (NASDAQ:JASO) will unveil its latest earnings on Tuesday, November 22, 2011. JA Solar Holdings designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers.

JA Solar Holdings, Co., Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 2 cents per share, a swing from profit of 50 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 2 cents during the last month. For the year, analysts are projecting net income of 20 cents per share, a decline of 87.4% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 19 cents, coming in at a loss of 22 cents per share versus a mean estimate of net loss of 3 cents per share. In the first quarter, the company beat estimates by 4 cents.

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Wall St. Revenue Expectations: On average, analysts predict $379.2 million in revenue this quarter, a decline of 29.9% from the year ago quarter. Analysts are forecasting total revenue of $1.74 billion for the year, a decline of 2.2% from last year’s revenue of $1.78 billion.

Analyst Ratings: Analysts are bearish on JA Solar Holdings as four analysts rate it as a sell, three rate it as a buy and seven rate it as a hold.

A Look Back: In the second quarter, the company swung to a loss of $35.4 million (22 cents a share) from a profit of $28.9 million (18 cents) a year earlier, missing analyst expectations. Revenue rose 17.6% to $412.9 million from $351.2 million.

Competitors to Watch: Trina Solar Limited (NYSE:TSL), Suntech Power Hldgs. Co., Ltd. (NYSE:STP), LDK Solar Co., Ltd (NYSE:LDK), ReneSola Ltd. (NYSE:SOL), JinkoSolar Holding Co., Ltd. (NYSE:JKS), SunPower Corporation (NASDAQ:SPWRA), Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE), China Sunergy Co., Ltd. (NASDAQ:CSUN), and First Solar, Inc. (NASDAQ:FSLR).

Stock Price Performance: During August 23, 2011 to November 16, 2011, the stock price had fallen $2 (-55.2%) from $3.62 to $1.62. The stock price saw one of its best stretches over the last year between February 8, 2011 and February 16, 2011 when shares rose for seven-straight days, rising 15.2% (+$1.10) over that span. It saw one of its worst periods between September 7, 2011 and September 20, 2011 when shares fell for 10-straight days, falling 37.9% (-$1.22) over that span. Shares are down $5.30 (-76.6%) year to date.

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

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