Trina Solar
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Trina Solar missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP loss per share expanded.
Margins contracted across the board.
Revenue details
Trina Solar reported revenue of $298.0 million. The 14 analysts polled by S&P Capital IQ predicted sales of $311.7 million on the same basis. GAAP reported sales were 38% lower than the prior-year quarter's $481.9 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 -$0.48. The 14 earnings estimates compiled by S&P Capital IQ predicted -$0.67 per share. GAAP EPS were -$1.00 for Q3 versus -$0.50 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 0.8%, 1,000 basis points worse than the prior-year quarter. Operating margin was -25.5%, 2,060 basis points worse than the prior-year quarter. Net margin was -19.3%, 1,280 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $284.3 million. On the bottom line, the average EPS estimate is -$0.58.
Next year's average estimate for revenue is $1.36 billion. The average EPS estimate is -$2.81.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,044 members out of 1,256 rating the stock outperform, and 212 members rating it underperform. Among 212 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 128 give Trina Solar a green thumbs-up, and 84 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Trina Solar is hold, with an average price target of $5.95.
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