LDK Solar Co., Ltd. Second Quarter Earnings Sneak Peek

LDK Solar Co., Ltd. (NYSE:LDK) will unveil its latest earnings on Monday, August 8, 2011. LDK Solar Company, Ltd. is a solar module manufacturer. The Company sells multicrystalline and monocrystalline wafers globally to manufacturers of solar cells and modules.

LDK Solar Co., Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 44 cents per share, a rise of 22.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 70 cents. Between one and three months ago, the average estimate moved down and dropped from 47 cents during the last month. For the year, analysts are projecting profit of $2.13 per share, a decline of 6.2% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 11 cents, reporting net income of 95 cents per share against a mean estimate of profit of 84 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $716.4 million in revenue this quarter, a rise of 26.7% from the year ago quarter. Analysts are forecasting total revenue of $3 billion for the year, a rise of 19.5% from last year’s revenue of $2.51 billion.

Analyst Ratings: Analysts are bullish on LDK Solar as five analysts rate it as a buy, two rate it as a sell and six rate it as a hold.

Competitors to Watch: LDK Solar Co., Ltd. (LD41), Trina Solar Limited (NYSE:TSL), ReneSola Ltd. (NYSE:SOL), JinkoSolar Holding Co., Ltd. (NYSE:JKS), Suntech Power Hldgs. Co., Ltd. (NYSE:STP), JA Solar Hldgs. Co., Ltd. (NASDAQ:JASO), Canadian Solar Inc. (NASDAQ:CSIQ), Hanwha Solarone Co Ltd (HSOL), First Solar, Inc. (NASDAQ:FSLR), and MEMC Electronic Materials, Inc. (NYSE:WFR).

Stock Price Performance: During May 6, 2011 to August 2, 2011, the stock price had fallen $3.82 (-37.1%) from $10.31 to $6.49. The stock price saw one of its best stretches over the last year between February 9, 2011 and February 18, 2011 when shares rose for eight-straight days, rising 16% (+$1.99) over that span. It saw one of its worst periods between May 10, 2011 and May 25, 2011 when shares fell for 12-straight days, falling 40.9% (-$4.27) over that span. Shares are down $3.63 (-35.9%) year to date.

(Source: Xignite Financials)

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