Trina Solar (NYS: TSL) reported earnings on May 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Trina Solar whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly. Non-GAAP loss per share increased. GAAP loss per share expanded.
Margins dropped across the board.
Trina Solar booked revenue of $260.2 million. The 10 analysts polled by S&P Capital IQ predicted revenue of $292.9 million on the same basis. GAAP reported sales were 26% lower than the prior-year quarter's $349.9 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 -$1.06. The 11 earnings estimates compiled by S&P Capital IQ anticipated -$0.75 per share. Non-GAAP EPS were -$1.06 for Q1 versus -$0.42 per share for the prior-year quarter. GAAP EPS were -$0.90 for Q1 versus -$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 1.7%, 410 basis points worse than the prior-year quarter. Operating margin was -15.4%, 400 basis points worse than the prior-year quarter. Net margin was -24.5%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $343.1 million. On the bottom line, the average EPS estimate is -$0.59.
Next year's average estimate for revenue is $1.50 billion. The average EPS estimate is -$2.00.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,031 members out of 1,245 rating the stock outperform, and 214 members rating it underperform. Among 202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 121 give Trina Solar a green thumbs-up, and 81 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Trina Solar is hold, with an average price target of $4.93.
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The article Trina Solar Whiffs on Revenues originally appeared on Fool.com.
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