LDK Solar (NYSE: LDK ) is expected to report Q4 earnings around March 17. 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 LDK Solar's revenues will decrease -37.4% and EPS will remain in the red.
The average estimate for revenue is $263.0 million. On the bottom line, the average EPS estimate is -$0.86.
Last quarter, LDK Solar logged revenue of $291.5 million. GAAP reported sales were 38% lower than the prior-year quarter's $471.9 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 -$0.84. GAAP EPS were -$1.08 for Q3 against -$0.87 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 -11.1%, much worse than the prior-year quarter. Operating margin was -26.0%, much worse than the prior-year quarter. Net margin was -47.0%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $973.0 million. The average EPS estimate is -$5.93.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 1,331 members out of 1,491 rating the stock outperform, and 160 members rating it underperform. Among 214 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 162 give LDK Solar a green thumbs-up, and 52 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LDK Solar is underperform, with an average price target of $1.39.
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