Trina Solar Limited (NYS: TSL) reported earnings on May 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Trina Solar Limited whiffed on both revenue and earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Trina Solar Limited booked revenue of $349.9 million. The 20 analysts polled by S&P Capital IQ looked for a top line of $389.7 million on the same basis. GAAP reported sales were 36% lower than the prior-year quarter's $550.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.42. The 21 earnings estimates compiled by S&P Capital IQ predicted -$0.30 per share. GAAP EPS were -$0.42 for Q1 compared to $0.50 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 quarter, gross margin was 5.8%, 2,170 basis points worse than the prior-year quarter. Operating margin was -11.4%, 2,670 basis points worse than the prior-year quarter. Net margin was -8.5%, 1,720 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $409.7 million. On the bottom line, the average EPS estimate is -$0.25.
Next year's average estimate for revenue is $1.77 billion. The average EPS estimate is -$0.75.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,071 members rating the stock outperform and 205 members rating it underperform. Among 231 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 148 give Trina Solar Limited a green thumbs-up, and 83 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Trina Solar Limited is hold, with an average price target of $8.91.
Over the decades, small-cap stocks like Trina Solar Limited have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: 2 Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
Add Trina Solar Limited to My Watchlist.
At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.