On Thursday, March 26, Canadian Solar CSIQ will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Earnings and Revenue
Analysts covering Canadian Solar modeled for quarterly EPS of 45 cents on revenue of $865.46 million.
In the same quarter last year, Canadian Solar reported earnings per share of $1.61 on sales of $901.04 million. If the company were to match the consensus estimate, earnings would be down 72.05%. Sales would be down 3.95% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 0.800 | 0.300 | -0.490 | 1.01 |
| EPS Actual | 0.660 | 0.770 | -0.290 | 1.61 |
Stock Performance
Over the past 52-week period, shares of Canadian Solar have declined 17.87%. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The average rating by analysts on Canadian Solar stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Canadian Solar is scheduled to hold a conference call at 8:00 a.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/boy6cb4f
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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