Suntech Power Holdings Co., Ltd. Second Quarter Earnings Sneak Peek

Suntech Power Holdings Co., Ltd. (NYSE:STP) will unveil its latest earnings on Monday, August 22, 2011. Suntech Power Holdings Co., Ltd. is a solar energy company, which designs, develops, manufactures and markets a number of PV cells and modules, including a range of value-added building-integrated photovoltaics products.

Suntech Power Holdings Co., Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 16 cents per share, a rise of more than fivefold 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 34 cents. Between one and three months ago, the average estimate moved down and dropped from 19 cents during the last month. For the year, analysts are projecting net income of 74 cents per share, a rise of 12.1% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported profit of 17 cents per share against a mean estimate of 35 cents. Two quarters ago, it beat expectations by 2 cents with net income of 32 cents.

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Wall St. Revenue Expectations: On average, analysts predict $799.7 million in revenue this quarter, a rise of 27.9% from the year ago quarter. Analysts are forecasting total revenue of $3.3 billion for the year, a rise of 13.8% from last year’s revenue of $2.9 billion.

Analyst Ratings: Analysts seem relatively indifferent about Suntech Power Holdings with 16 of 24 analysts surveyed maintaining a hold rating.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 68.1%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 94.8% from the year earlier quarter.

Competitors to Watch: Trina Solar Limited (NYSE:TSL), Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE), First Solar, Inc. (NASDAQ:FSLR), JA Solar Hldgs. Co., Ltd. (NASDAQ:JASO), SunPower Corporation (NASDAQ:SPWRA), LDK Solar Co., Ltd (NYSE:LDK), China Sunergy Co., Ltd. (NASDAQ:CSUN), JinkoSolar Holding Co., Ltd. (NYSE:JKS).

Stock Price Performance: During June 20, 2011 to August 16, 2011, the stock price had fallen $1.15 (-14.9%) from $7.73 to $6.58. The stock price saw one of its best stretches over the last year between March 22, 2011 and March 31, 2011 when shares rose for eight-straight days, rising 15.6% (+$1.33) over that span. It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six-straight days, falling 26.1% (-$1.92) over that span. Shares are down $1.43 (-17.9%) year to date.

(Source: Xignite Financials)

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