Renesola Earnings Preview: Can This Streak Finally End?

Renesola (NYSE:SOL) will report earnings before markets open on Thursday, May 16th. Renesola Ltd manufactures solar wafers for intergration into photovoltaic cells. The Company has developed proprietary technology for processing different types of scrap wafer and other silicon materials for use as feedstock for its solar wafer production.

Here is your Cheat Sheet to Renesola Earnings:

Earnings Expectations: Analysts expect earnings of $-0.28 per share on revenues of $264.20 million.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.32 to a loss $0.27. For the current year, the average estimate is a loss of $1.15, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Renesola has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 670.37 510.40 1,206 985.28 969.13
Diluted EPS ($) -0.86 -0.98 1.94 0.00 -2.80

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 187.69 211.48 233.04 218.16 306.45
Diluted EPS ($) -0.4260 -0.46 -0.40 -0.92 -1.032

Past Performance:
Renesola has missed analyst estimates 4 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]