Canadian Solar (NASDAQ:CSIQ) will be announcing its earnings results before the market opens on Thursday, May 30th. Analysts expect the company to announce earnings of ($0.44) per share for the quarter. Canadian Solar has set its Q1 2019 guidance at EPS and its FY 2019 guidance at EPS.
Canadian Solar (NASDAQ:CSIQ) last issued its quarterly earnings data on Thursday, March 21st. The solar energy provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.74. Canadian Solar had a return on equity of 18.40% and a net margin of 6.33%. The business had revenue of $901.00 million for the quarter, compared to the consensus estimate of $872.02 million. During the same period in the prior year, the business posted $1.01 earnings per share. The company’s quarterly revenue was down 18.7% compared to the same quarter last year. On average, analysts expect Canadian Solar to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of CSIQ stock opened at $17.93 on Thursday. Canadian Solar has a 1 year low of $11.37 and a 1 year high of $25.89. The company has a current ratio of 1.04, a quick ratio of 0.95 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 5.47, a P/E/G ratio of 0.23 and a beta of 2.43.
A number of equities research analysts have issued reports on the company. ValuEngine downgraded Canadian Solar from a “hold” rating to a “sell” rating in a research report on Saturday, May 18th. Zacks Investment Research downgraded Canadian Solar from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. assumed coverage on Canadian Solar in a research report on Thursday, April 11th. They set a “neutral” rating and a $22.00 price objective on the stock. Standpoint Research downgraded Canadian Solar from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, UBS Group upgraded Canadian Solar from a “sell” rating to a “neutral” rating and set a $23.00 price objective on the stock in a research report on Monday, February 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $21.50.
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About Canadian Solar
Canadian Solar Inc, together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems.
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