LDK Solar Co. Ltd. Third Quarter Earnings Sneak Peek

LDK Solar Co. Ltd. (NYSE:LDK) will unveil its latest earnings on Tuesday, November 22, 2011. LDK Solar 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 loss of 36 cents per share, a swing from net income of 72 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 23 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 9 cents during the last month. For the year, analysts are projecting a loss of 33 cents per share, a swing from profit of $2.27 last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported net loss of 24 cents per share versus a mean estimate of a loss of 20 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 11 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 8.7% in revenue from the year-earlier quarter to $616.9 million.

Analyst Ratings: Analysts seem relatively indifferent about LDK Solar with six of 11 analysts surveyed maintaining a hold rating.

Competitors to Watch: 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 August 23, 2011 to November 16, 2011, the stock price had fallen $2.65 (-45.6%) from $5.81 to $3.16. 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 $6.96 (-68.8%) year to date.

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

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