Canadian Solar (CSIQ) Scheduled to Post Earnings on Wednesday
Canadian Solar (NASDAQ:CSIQ) will be posting its quarterly earnings results on Wednesday, August 13th. Individual interested in listening to the company’s earnings conference call can do so using this link.
Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings results on Friday, May 16th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.05. The company had revenue of $466.30 million for the quarter, compared to the consensus estimate of $431.98 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 76.9% on a year-over-year basis. On average, analysts expect Canadian Solar to post $3.27 EPS for the current fiscal year and $4.39 EPS for the next fiscal year.
Canadian Solar (NASDAQ:CSIQ) opened at 26.15 on Tuesday. Canadian Solar has a 52-week low of $10.55 and a 52-week high of $44.50. The stock has a 50-day moving average of $27.85 and a 200-day moving average of $30.45. The company has a market cap of $1.376 billion and a price-to-earnings ratio of 33.97.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Canadian Solar from $41.00 to $43.50 in a research note on Tuesday, July 15th. They now have an “overweight” rating on the stock. On a related note, analysts at FBR Capital Markets upgraded shares of Canadian Solar from a “market perform” rating to an “outperform” rating in a research note on Monday, July 7th. They now have a $40.00 price target on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Canadian Solar in a research note on Wednesday, July 2nd. They set a “buy” rating and a $43.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $42.31.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.