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Checking expectations
Trina Solar (NYSE: TSL) is expected to report Q1 earnings on May 29. 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 Trina Solar's revenues will contract -16.6% and EPS will remain in the red.
The average estimate for revenue is $291.8 million. On the bottom line, the average EPS estimate is -$0.74.
Revenue details
Last quarter, Trina Solar notched revenue of $302.7 million. GAAP reported sales were 31% lower than the prior-year quarter's $435.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at -$1.44. GAAP EPS were -$1.23 for Q4 compared to -$0.93 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was -2.4%, 950 basis points worse than the prior-year quarter. Operating margin was -27.5%, much worse than the prior-year quarter. Net margin was -28.8%, much worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $1.50 billion. The average EPS estimate is -$2.00.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,030 members out of 1,245 rating the stock outperform, and 215 members rating it underperform. Among 201 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 119 give Trina Solar a green thumbs-up, and 82 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 $4.33.
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