Canadian Solar Inc. (NASDAQ:CSIQ) to Release Earnings on Monday
Canadian Solar Inc. (NASDAQ:CSIQ) will be releasing its earnings data before the market opens on Monday, August 14th. Analysts expect Canadian Solar to post earnings of ($0.16) per share for the quarter.
Canadian Solar (NASDAQ:CSIQ) last posted its quarterly earnings results on Tuesday, June 6th. The solar energy provider reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.14. Canadian Solar had a return on equity of 7.12% and a net margin of 1.04%. The business had revenue of $677 million during the quarter, compared to analysts’ expectations of $580.45 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, analysts expect Canadian Solar to post $1.41 EPS for the current fiscal year and $1.79 EPS for the next fiscal year.
Canadian Solar Inc. (CSIQ) opened at 16.71 on Monday. The company has a 50-day moving average price of $15.60 and a 200-day moving average price of $13.70. Canadian Solar Inc. has a 12-month low of $10.25 and a 12-month high of $18.12. The stock has a market capitalization of $966.37 million, a PE ratio of 33.22 and a beta of 3.09.
A number of equities analysts have issued reports on CSIQ shares. Axiom Securities reiterated a “buy” rating on shares of Canadian Solar in a research report on Saturday, July 22nd. Cowen and Company increased their price target on Canadian Solar from $10.00 to $13.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 7th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $31.00 price target on shares of Canadian Solar in a research report on Thursday, April 20th. BidaskClub downgraded Canadian Solar from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, ValuEngine downgraded Canadian Solar from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Canadian Solar presently has an average rating of “Hold” and a consensus price target of $16.50.
Canadian Solar Company Profile
Canadian Solar Inc is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment.
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