Will These Numbers from SunEdison Be Good Enough for You?

SunEdison (NYSE: SUNE  ) is expected to report Q2 earnings around Aug. 6. 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 SunEdison's revenues will decrease -52.0% and EPS will shrink to a loss.

The average estimate for revenue is $448.2 million. On the bottom line, the average EPS estimate is -$0.12.

Revenue details
Last quarter, SunEdison logged revenue of $431.3 million. GAAP reported sales were 15% lower than the prior-year quarter's $519.2 million.

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

EPS details
Last quarter, non-GAAP EPS came in at -$0.16. GAAP EPS were -$0.40 for Q1 compared to -$0.43 per share for the prior-year quarter.

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

Recent performance
For the preceding quarter, gross margin was 11.2%, 160 basis points better than the prior-year quarter. Operating margin was -8.6%, 160 basis points better than the prior-year quarter. Net margin was -20.2%, 120 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.78 billion. The average EPS estimate is $0.16.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,790 members out of 1,864 rating the stock outperform, and 74 members rating it underperform. Among 333 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 312 give SunEdison a green thumbs-up, and 21 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SunEdison is outperform, with an average price target of $5.86.

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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.


Read/Post Comments (3) | Recommend This Article (0)

Comments from our Foolish Readers

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  • Report this Comment On August 02, 2013, at 11:20 AM, 10HighSigns wrote:

    Well, well, here we go again. Last time Motley posted on this stock they said something like it was going to be the next super stock and gave it a big recommendation. Now it looks like your pushing it so you can buy on the cheap but most likely recommend it before earnings next week to make a nice profit. People should understand how the Fools play this game.

  • Report this Comment On August 02, 2013, at 12:26 PM, 10HighSigns wrote:

    Goldman Sachs old forecast for SUNE was a $10

    target. Guess what they increased it to now?

  • Report this Comment On August 02, 2013, at 3:57 PM, 10HighSigns wrote:

    Will the Motley Fool release positive comments on Sun Ed before their earnings release? Stay tuned!

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