Sunpower Earnings Preview: Can This Streak Continue?

Sunpower (NASDAQ:SPWR) will report earnings after markets close on Thursday, May 2nd. SunPower Corporation is an integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies.

Here is your Cheat Sheet to Sunpower Earnings:

Earnings Expectations: Analysts expect earnings of $0.06 per share on revenues of $507.73 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 profit of $0.01 to a profit $0.03. For the current year, the average estimate is a profit of $0.55, which is better than the estimate ninety days ago.

Earnings Trends:

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

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,438 1,524 2,219 2,374 2,418
Diluted EPS ($) 1.05 0.35 1.75 -6.28 -3.01

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 ($) in millions 625.28 494.13 595.90 648.95 678.52
Diluted EPS ($) -0.9435 -0.67 -0.71 -0.41 -1.215

Past Performance:
Sunpower has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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