Canadian Solar (CSIQ) to Release Quarterly Earnings on Thursday

Canadian Solar (NASDAQ:CSIQ) is projected to issue its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.21) per share and revenue of $1.57 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Canadian Solar (NASDAQ:CSIQ) last released its earnings results on Thursday, December 5th. The solar energy provider reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.13. Canadian Solar had a net margin of 0.01% and a return on equity of 0.02%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. Canadian Solar’s revenue was down 18.4% compared to the same quarter last year. On average, analysts expect Canadian Solar to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Canadian Solar Trading Down 0.9 %

NASDAQ CSIQ opened at $10.10 on Thursday. Canadian Solar has a 12 month low of $9.43 and a 12 month high of $21.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.06 and a quick ratio of 0.85. The company has a market capitalization of $668.21 million, a price-to-earnings ratio of -84.17, a price-to-earnings-growth ratio of 0.74 and a beta of 1.26. The company’s fifty day moving average price is $10.95 and its two-hundred day moving average price is $12.42.

Analyst Upgrades and Downgrades

A number of research firms have commented on CSIQ. Mizuho initiated coverage on shares of Canadian Solar in a research note on Friday, December 13th. They set an “outperform” rating and a $20.00 price objective on the stock. The Goldman Sachs Group downgraded shares of Canadian Solar from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.00 to $11.00 in a research report on Tuesday, December 17th. Wells Fargo & Company reduced their price target on shares of Canadian Solar from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 8th. StockNews.com downgraded shares of Canadian Solar from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group initiated coverage on shares of Canadian Solar in a research report on Friday, November 22nd. They issued a “buy” rating and a $14.15 price target on the stock. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.31.

About Canadian Solar

Canadian Solar Inc, together with its subsidiaries, provides solar energy and battery energy storage products and solutions in in Asia, the Americas, Europe, and internationally. The company operates through two segments, CSI Solar and Recurrent Energy. The CSI Solar segment designs, develops, and manufactures solar ingots, wafers, cells, modules, and other solar power and battery storage products.