Canadian Solar (CSIQ) Set to Announce Quarterly Earnings on Friday
Canadian Solar (NASDAQ:CSIQ) is scheduled to issue its Q114 quarterly earnings data on Friday, May 16th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $431.98 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Canadian Solar (NASDAQ:CSIQ) last released its earnings data on Wednesday, March 5th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.13. The company had revenue of $519.50 million for the quarter, compared to the consensus estimate of $535.88 million. During the same quarter in the previous year, the company posted ($1.01) earnings per share. The company’s revenue for the quarter was up 76.2% on a year-over-year basis. On average, analysts expect Canadian Solar to post $3.68 EPS for the current fiscal year and $4.77 EPS for the next fiscal year.
Shares of Canadian Solar (NASDAQ:CSIQ) opened at 26.93 on Thursday. Canadian Solar has a 52 week low of $6.90 and a 52 week high of $44.50. The stock has a 50-day moving average of $28.49 and a 200-day moving average of $32.52. The company has a market cap of $1.475 billion and a price-to-earnings ratio of 43.33.
Several analysts have recently commented on the stock. Analysts at Dougherty & Co initiated coverage on shares of Canadian Solar in a research note on Tuesday, March 11th. They set a “buy” rating on the stock. On the ratings front, analysts at Goldman Sachs initiated coverage on shares of Canadian Solar in a research note on Friday, March 7th. They set a “neutral” rating on the stock. Finally, analysts at Northland Securities raised their price target on shares of Canadian Solar from $40.00 to $51.00 in a research note on Tuesday, March 4th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $38.63.
Canadian Solar Inc (NASDAQ:CSIQ) designs, develops, and manufactures solar wafers, cells and solar module products that convert sunlight into electricity for a variety of uses.
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