JA Solar Holdings Second Quarter Earnings Sneak Peek

JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) will unveil its latest earnings on Wednesday, August 29, 2012. JA Solar Holdings designs, manufactures and markets high-performance solar cells, which are made from specially processed silicon wafers.

JA Solar Holdings Co., Ltd. (ADR) Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 14 cents per share, a narrower loss from the year-earlier quarter net loss of 22 cents. During the past three months, the average estimate has moved down from a loss of 13 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 14 cents during the last month.

Past Earnings Performance: Last quarter, the company fell short of estimates by 5 cents, coming in at a loss of 20 cents a share versus the estimate of net loss of 15 cents a share. It was the fourth straight quarter of missing estimates.

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Wall St. Revenue Expectations: Analysts predict a decline of 29.1% in revenue from the year-earlier quarter to $292.7 million.

Stock Price Performance: Between May 30, 2012 and August 23, 2012, the stock price rose 11 cents (11.9%), from 94 cents to $1.05. The stock price saw one of its best stretches over the last year between March 6, 2012 and March 13, 2012, when shares rose for six straight days, increasing 6.9% (+12 cents) 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, dropping 37.9% (-$1.22) over that span.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.77 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company regressed in this liquidity measure from 2.32 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 46.2% to $772.3 million while assets rose 11.4% to $1.36 billion.

Analyst Ratings: With five analysts rating the stock a sell, none rating it as a buy and five rating it as a hold, there are indications of a bearish outlook.

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

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