First Solar Earnings Preview: Analysts Expect Higher EPS, Revenue
Earnings and Revenue:
Analysts are predicting an EPS reading of $3.32/share and revenues of $1.01 billion. First Solar's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.80/share on revenues of $797.9 million. Can the company manage the estimated 84.4% rise in EPS and 26.6% increase in revenues from the year-ago quarter as analysts are predicting? We'll have to wait until Thursday to find out.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Shares of First Solar were trading at $53.99 as of October 28, 2011. Since January 1st, shares have declined 58.5%.
Average Stock Rating:
The average rating by analysts is a Hold. This rating has strengthened slightly over the past ninety days.
Wondering how First Solar compares to rivals in the same sector? Here are a few of the company's peers.
- Energy Conversion Devices (ENER): Strong Sell with a -$0.63 recent quarter EPS
First Solar is in the solar industry, which has experienced price/earnings growth of 1.4%.
Finally, a description of the company's main areas of operation: First Solar designs and manufactures solar electric power modules using a proprietary thin film semiconductor technology. .
There is your peek into First Solar's upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap. In the meantime, here are some links to explore today.