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JA Solar Holdings Outruns Estimates Again

JA Solar Holdings (Nasdaq: JASO  ) reported earnings on May 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), JA Solar Holdings crushed expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. GAAP loss per share dropped.

Margins grew across the board.

Revenue details
JA Solar Holdings recorded revenue of $270.0 million. The one analyst polled by S&P Capital IQ expected to see net sales of $209.1 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $254.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.85. The two earnings estimates compiled by S&P Capital IQ predicted -$1.20 per share. GAAP EPS were -$0.85 for Q1 versus -$1.02 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 6.0%, 390 basis points better than the prior-year quarter. Operating margin was -5.1%, 480 basis points better than the prior-year quarter. Net margin was -12.2%, 350 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $252.7 million. On the bottom line, the average EPS estimate is -$0.59.

Next year's average estimate for revenue is $1.08 billion. The average EPS estimate is -$2.62.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,541 members out of 1,654 rating the stock outperform, and 113 members rating it underperform. Among 209 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 173 give JA Solar Holdings a green thumbs-up, and 36 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on JA Solar Holdings is underperform, with an average price target of $3.28.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 29, 2013, at 8:54 PM, Foolsspin wrote:

    You're behind Motley, You got it wrong I got it right.

    Next Year JA pure profit. Next Qtr. another Beat.

    I told you JA would easily beat! Are we setting JA up for another 70% move again.

    JA reported earnings for the 1'st Qtr. Beat analyst that don't keep up. Only 2 analysts had er projections for a loss of $1.20 JA had a loss of .85 with only 13.7M operational loss 5 times better than 4'th Qtr. JA soared 70% Motley sucks!

  • Report this Comment On May 29, 2013, at 9:04 PM, Foolsspin wrote:

    I'm reporting you Motley to FINRA for lying manipulating twisting !

    I am sick of your lies and BS!

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