First Solar (Nasdaq: FSLR ) is expected to report Q2 earnings tomorrow. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict First Solar's revenues will expand 54.2% and EPS will increase 31.4%.
The average estimate for revenue is $821.4 million. On the bottom line, the average EPS estimate is $0.92.
Last quarter, First Solar reported revenue of $497.1 million. GAAP reported sales were 12% lower than the prior-year quarter's $567.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.08. GAAP EPS were -$5.20 for Q1 against $1.33 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 15.4%, 3,040 basis points worse than the prior-year quarter. Operating margin was -11.1%, 3,390 basis points worse than the prior-year quarter. Net margin was -90.4%, 11,080 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.47 billion. The average EPS estimate is $3.88.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 3,166 members rating the stock outperform and 761 members rating it underperform. Among 615 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 398 give First Solar a green thumbs-up, and 217 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on First Solar is hold, with an average price target of $37.21.