The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Canadian Solar's revenues will shrink -31.1% and EPS will remain in the red.
The average estimate for revenue is $224.5 million. On the bottom line, the average EPS estimate is -$0.84.
Last quarter, Canadian Solar booked revenue of $294.8 million. GAAP reported sales were 38% lower than the prior-year quarter's $474.1 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 -$1.01. GAAP EPS were -$2.43 for Q4 compared to -$1.39 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 5.0%, 370 basis points worse than the prior-year quarter. Operating margin was -20.8%, much worse than the prior-year quarter. Net margin was -35.6%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $1.26 billion. The average EPS estimate is -$1.15.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 970 members out of 1,123 rating the stock outperform, and 153 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give Canadian Solar a green thumbs-up, and 58 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Canadian Solar is outperform, with an average price target of $3.45.
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