While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on CSIQ is moving in the right direction. In fact, the stock currently has a Zacks Rank #1 (Strong Buy), suggesting that the recent run could certainly continue for this in-focus company.
As per Zacks forecast. It is true strong buy today. Likely $14 before end of March. 2014
Research Team = ACCUMULATE
The Street = BUY
S&P Capital = 5 star (highest rating)
Ford Equity = Buy
Market Edge = LONG
Jaywalk Consensus = BUY
Zacks = STRONG BUY
Vecctor Vest = BUY
More ratings to follow....
The analysts are usually a bit late to the party, but they tend to support good stocks.. I am buying on the pull back.
Jeffrey P. Fritz - CFO, Principal Accounting Officer and SVP
Thanks, Brad. Welcome, everybody. Beginning with the revenues. Revenues for the fourth quarter were $66.6 million, that's a 4% increase over $64.1 million for our third quarter and 32% increase over the fourth quarter of 2012. The full year revenues were $255.8 million which is a 37% increase over $187.2 million for the full year of 2012. No surprises here. Revenue is driven by the growth in the portfolio which was aided by $173 million on originations for the fourth quarter and $764 million in new receivables for all of 2013 and that led to growth in the consolidated portfolio of 8% for the quarter and 21% for the full year.