Helpful information only
The company posted a net loss of about $83.5 million, worse compared to a loss of $28.4 million in the same quarter of last year.
On a per American depositary share basis, the company posted an adjusted loss of 40 cents per share.
Revenue for the quarter came in at $170.4 million for the period.
Analysts polled by Thomson Reuters estimated a loss of 2.25 Chinese yuan renminbis per share on revenue of 1.03 billion yuan for the quarter.
In U.S. dollars, that comes out to a consensus estimate of a loss of 36 cents per share on revenue of $170 million for the second quarter.
For the second quarter, the company expects adjusted revenues of 1.47 billion to 1.52 billion yuan.
It expects advertising revenue of between 1.25 billion to 1.3 billion yuan.
All this gives Canadian Solar added momentum as we continue to pursue our YieldCo strategy which will be the next major catalyst to build value for Canadian Solar and its shareholders. We will discuss our YieldCo plan in more details when we meet at our Investor Day on May 18.
Most of the analyst reviews on this stock are negative, so what is going on? Even the good Toy companies are down. Any rumors or this is another SCAM pump and dumb?
Agreed! this does not make sense. usually, when you buy a company, your stock sinks!!
there is nothing to justify this but fraud! welcome to the streets of fraudstars!!
I agree that "no comment" will be more appropriate. But the fact is Canadian companies are very difficult to deal out of Canada. BBRY will continue to be traded up and down
Following meetings with BlackBerry Ltd’s (NASDAQ: BBRY) CFO, Wells Fargo analysts dispelled rumors that the company is on the auction block.
Among their key takeaways, the analysts note that the company is not in liquidation mode due to its strong cash position. However, they do expect the company to explore other strategic alternatives, including restructuring, divestitures and multi-platform strategies, allowing for the potential of upside risk.
The analysts said the management and investor sentiment diverge, as investors remain pessimistic, while management is “excited about its device roadmap.” On the downside, BlackBerry will struggle from uncertain BB10 demand and potential enterprise market share loss, according to the analysts.
Wells Fargo placed a price of $9.50 to $10.50, based on 1x EV/Sales.
Shares traded recently at $10.44, up 5.1 percent.
Buying BBRY could be a challenge, the question is will Canada allow deal? Can we trust Samsung with a potential deal? A few days ago, the after-hour blood split could repeat itself today???
Good job, CSIQ will double. The crooks pumped down so that they can buy cheap I'll remain long
Well, if you read between the lines, they guided a couple of $mil below for the next quarter, but also guided solidly above for the year. Also revenue went up sharply because of sale of 3 plants (if that did not happen, it could mean a loss). Having said all that, Wall street is crazily greedy, they want instant lottery jackpot! It is the world we live in now. I expect some buying at the end of the day. Take heart. I grabbed 400 shares at 29.70, but I am loosing now, hence I have to wait for the storm to settle down.
If they were right with FSLR, they could be right. I will not be long with this especially when CSIQ will report 3:a.m my time(pacific time)...I will be snoring then and the big guys will be making a kill. Good luck!
Our proven model does not conclusively show that Canadian Solar is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here, as you will see below:
Zacks ESP: Canadian Solar has an Earnings ESP of 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate stand at $1.15.
Zacks Rank: Canadian Solar carries a Zacks Rank #2 (Buy) which increases the predictive power of the ESP. However, the company’s ESP of 0.00% makes surprise prediction difficult.
On the other hand, we caution against stocks with Zacks Ranks #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.