Suntech Power Holdings Co. Ltd. Third Quarter Earnings Sneak Peek

Suntech Power Holdings Co. Ltd. (NYSE:STP) will unveil its latest earnings on Tuesday, November 22, 2011. Suntech Power Holdings is a solar energy company. The company 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 a loss of 21 cents per share, a swing from net income of 18 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 20 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 17 cents during the last month. For the year, analysts are projecting net loss of $1.72 per share, a swing from profit of 66 cents last year.

Past Earnings Performance: The company has missed estimates in the last two quarters. In the second quarter, it missed the mark by 35 cents as a result of reporting a loss of 19 cents against an estimate of net income of 16 cents per share. In the third quarter of the last fiscal year, the company fell short of forecasts by 18 cents.

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Wall St. Revenue Expectations: On average, analysts predict $774.6 million in revenue this quarter, a rise of 4.2% from the year ago quarter. Analysts are forecasting total revenue of $3.16 billion for the year, a rise of 9% from last year’s revenue of $2.9 billion.

Analyst Ratings: Analysts are bearish on Suntech Power Holdings as nine analysts rate it as a sell, four rate it as a buy and 10 rate it as a hold.

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), and Hanwha Solarone Co Ltd (HSOL).

Stock Price Performance: During August 23, 2011 to November 16, 2011, the stock price had fallen $2.58 (-49.7%) from $5.19 to $2.61. 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 September 13, 2011 and September 23, 2011 when shares fell for nine-straight days, falling 35.6% (-$1.46) over that span. Shares are down $5.40 (-67.4%) year to date.

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

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