Earnings Outlook For Canadian Solar

Canadian Solar CSIQ is set to give its latest quarterly earnings report on Thursday, 2022-03-17. Here's what investors need to know before the announcement.

Analysts estimate that Canadian Solar will report an earnings per share (EPS) of $0.33.

Canadian Solar bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.24, which was followed by a 4.82% increase in the share price the next day.

Here's a look at Canadian Solar's past performance and the resulting price change:

Stock Performance

Shares of Canadian Solar were trading at $30.68 as of March 15. Over the last 52-week period, shares are down 26.32%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.