JinkoSolar Holding Co. (JKS) to Release Quarterly Earnings on Monday
JinkoSolar Holding Co. (NYSE:JKS) is set to announce its Q214 earnings results on Monday, August 18th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $391.55 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
JinkoSolar Holding Co. (NYSE:JKS) last released its earnings data on Tuesday, May 27th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.20. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $288.50 million. During the same quarter in the prior year, the company posted ($0.92) earnings per share. The company’s quarterly revenue was up 72.9% on a year-over-year basis. On average, analysts expect JinkoSolar Holding Co. to post $2.88 EPS for the current fiscal year and $4.55 EPS for the next fiscal year.
JinkoSolar Holding Co. (NYSE:JKS) opened at 27.50 on Friday. JinkoSolar Holding Co. has a 52 week low of $12.69 and a 52 week high of $37.98. The stock has a 50-day moving average of $26.91 and a 200-day moving average of $28.23. The company has a market cap of $849.1 million and a P/E ratio of 16.32.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of JinkoSolar Holding Co. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $31.40 price target on the stock. On the ratings front, analysts at JPMorgan Chase & Co. initiated coverage on shares of JinkoSolar Holding Co. in a research note on Monday, July 7th. They set a “neutral” rating and a $31.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of JinkoSolar Holding Co. in a research note on Friday, June 20th. They set an “outperform” rating and a $45.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $41.27.
JinkoSolar Holding Co, Ltd. (NYSE:JKS) is a solar power product manufacturer.
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