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Canadian Solar (NASDAQ: CSIQ) releases its next round of earnings this Thursday, November 19. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report.
Net Income, Earnings, And Earnings Per Share
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Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
Wall Street expects an EPS loss of $0.05 and sales around $861.93 million. In the same quarter last year, Canadian Solar reported EPS of $0.66 on revenue of $759.88 million.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
The analyst consensus estimate would represent a 107.58% decrease in the company's earnings. Revenue would be up 13.43% on a year-over-year basis. Here is how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | -0.04 | 0.86 | 0.45 | 0.80 |
| EPS Actual | 0.09 | 1.84 | 1.04 | 0.66 |
| Revenue Estimate | 662.95 M | 792.65 M | 865.46 M | 799.55 M |
| Revenue Actual | 695.85 M | 825.63 M | 919.71 M | 759.88 M |
Stock Performance
Shares of Canadian Solar were trading at $39.69 as of November 17. Over the last 52-week period, shares are up 166.44%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Canadian Solar is scheduled to hold the call at 08:00:00 ET and can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.