Canadian Solar (NASDAQ:CSIQ) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 15th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Canadian Solar (NASDAQ:CSIQ) last announced its earnings results on Tuesday, August 14th. The solar energy provider reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). Canadian Solar had a return on equity of 12.44% and a net margin of 3.26%. The business had revenue of $650.10 million for the quarter, compared to analyst estimates of $711.53 million. During the same quarter in the previous year, the company posted $0.63 EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts expect Canadian Solar to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of CSIQ opened at $13.40 on Wednesday. Canadian Solar has a 12 month low of $11.37 and a 12 month high of $18.52. The firm has a market cap of $827.71 million, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 0.32 and a beta of 1.83. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.20.

CSIQ has been the subject of several recent research reports. Zacks Investment Research cut shares of Canadian Solar from a “buy” rating to a “hold” rating in a report on Friday, August 17th. BidaskClub upgraded shares of Canadian Solar from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. B. Riley reduced their target price on shares of Canadian Solar from $18.00 to $17.00 and set a “hold” rating for the company in a report on Thursday, August 23rd. Finally, ValuEngine upgraded shares of Canadian Solar from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Canadian Solar has a consensus rating of “Hold” and an average target price of $16.88.

TRADEMARK VIOLATION NOTICE: “Canadian Solar (CSIQ) Scheduled to Post Earnings on Thursday” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2018/11/14/canadian-solar-csiq-scheduled-to-post-earnings-on-thursday.html.

Canadian Solar Company Profile

Canadian Solar Inc, together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems.

See Also: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Earnings History for Canadian Solar (NASDAQ:CSIQ)

Receive News & Ratings for Canadian Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Solar and related companies with MarketBeat.com's FREE daily email newsletter.