Will First Solar Beat These Analyst Estimates?
First Solar (NAS: FSLR) is expected to report Q2 earnings tomorrow. 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 First Solar's revenues will expand 54.2% and EPS will increase 31.4%.
The average estimate for revenue is $821.4 million. On the bottom line, the average EPS estimate is $0.92.
Revenue details
Last quarter, First Solar reported revenue of $497.1 million. GAAP reported sales were 12% lower than the prior-year quarter's $567.3 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 -$0.08. GAAP EPS were -$5.20 for Q1 against $1.33 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 15.4%, 3,040 basis points worse than the prior-year quarter. Operating margin was -11.1%, 3,390 basis points worse than the prior-year quarter. Net margin was -90.4%, 11,080 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $3.47 billion. The average EPS estimate is $3.88.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 3,166 members rating the stock outperform and 761 members rating it underperform. Among 615 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 398 give First Solar a green thumbs-up, and 217 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on First Solar is hold, with an average price target of $37.21.
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The article Will First Solar Beat These Analyst Estimates? originally appeared on Fool.com.
Seth Jaysonhad 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. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend First Solar. 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.
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