Trina Solar Whiffs on Revenues

Seth Jayson, The Motley Fool
Updated

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.

Revenue details
 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 details
 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.

Margin details
 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.)

Looking ahead
 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.

Investor sentiment
 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.

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. The Motley Fool has no position in any of the stocks mentioned. 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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