Canadian Solar (CSIQ) Projected to Post Earnings on Thursday

Canadian Solar (NASDAQ:CSIQ - Get Free Report) is expected to be announcing its earnings results 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. Investors that wish to register for the company's conference call can do so using this link.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last released its quarterly earnings results on Thursday, December 5th. The solar energy provider reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.13. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.71 billion. Canadian Solar had a return on equity of 0.02% and a net margin of 0.01%. The business's revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. 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 Stock Up 2.0 %

Shares of CSIQ traded up $0.20 during trading hours on Friday, hitting $10.24. The company had a trading volume of 1,829,919 shares, compared to its average volume of 1,691,823. The company's fifty day moving average price is $10.89 and its two-hundred day moving average price is $12.35. Canadian Solar has a one year low of $9.43 and a one year high of $21.35. The company has a market capitalization of $677.47 million, a PE ratio of -85.33, a price-to-earnings-growth ratio of 0.74 and a beta of 1.34. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.65.

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Wall Street Analysts Forecast Growth

CSIQ has been the topic of several recent analyst reports. The Goldman Sachs Group lowered Canadian Solar from a "neutral" rating to a "sell" rating and reduced their target price for the company from $14.00 to $11.00 in a research report on Tuesday, December 17th. Mizuho initiated coverage on Canadian Solar in a research report on Friday, December 13th. They set an "outperform" rating and a $20.00 target price on the stock. Wells Fargo & Company reduced their target price on 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 lowered Canadian Solar from a "hold" rating to a "sell" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group assumed coverage on Canadian Solar in a research report on Friday, November 22nd. They set a "buy" rating and a $14.15 target price on the stock. Five analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.31.

Canadian Solar Company Profile

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.