First Solar (FSLR) Updates FY18 Earnings Guidance
First Solar (NASDAQ:FSLR) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.25-1.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.22. The company issued revenue guidance of $2.3-2.5 billion, compared to the consensus revenue estimate of $2.39 billion.
First Solar (NASDAQ FSLR) traded down $3.03 during trading hours on Tuesday, hitting $57.27. 4,210,400 shares of the stock were exchanged, compared to its average volume of 2,760,666. First Solar has a 1 year low of $25.56 and a 1 year high of $63.10. The company has a current ratio of 6.85, a quick ratio of 6.47 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $6,297.31, a PE ratio of 14.78 and a beta of 2.03.
First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $1.11. First Solar had a negative net margin of 14.70% and a positive return on equity of 8.07%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $859.22 million. During the same quarter in the prior year, the company posted $1.22 earnings per share. The business’s revenue for the quarter was up 59.5% on a year-over-year basis. sell-side analysts forecast that First Solar will post 2.47 EPS for the current year.
About First Solar
First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.
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