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