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Earnings Preview: Canadian Solar

Benzinga Insights
·1 min read

On Friday, August 07, Canadian Solar (NASDAQ: CSIQ) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Earnings and Revenue

Based on management's projections, Canadian Solar analysts modeled for a loss of $0.04 per share on sales of $662.95 million. Canadian Solar EPS in the same period a year ago totaled $0.77. Revenue was $1.04 billion. The Wall Street consensus estimate for earnings would represent a 105.19% decrease for the company. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter

Q1 2020

Q4 2020

Q3 2019

Q2 2019

EPS Estimate

0.86

0.45

0.80

0.30

EPS Actual

1.84

1.04

0.66

0.77

Revenue Estimate

792.65 M

865.46 M

799.55 M

990.29 M

Revenue Actual

825.63 M

919.71 M

759.88 M

1.04 B

Stock Performance

Over the last 52-week period, shares are up 7.37%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.

View more earnings on CSIQ

Don't be surprised to see the stock move on comments made during its conference call. Canadian Solar is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/4wfpnbe3

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