Canadian Solar (CSIQ) Expected to Announce Quarterly Earnings on Tuesday

Canadian Solar (NASDAQ:CSIQ - Get Free Report) is expected to release its Q4 2024 earnings data before the market opens on Tuesday, March 25th. Analysts expect Canadian Solar to post earnings of ($0.21) per share and revenue of $1.57 billion for the quarter. Canadian Solar has set its Q1 2025 guidance at EPS and its FY 2025 guidance at EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The solar energy provider reported ($1.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($1.26). Canadian Solar had a net margin of 0.01% and a return on equity of 0.02%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the business earned ($0.02) EPS. The business's revenue for the quarter was down 1.8% 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 Stock Up 2.0 %

NASDAQ:CSIQ traded up $0.19 on Wednesday, hitting $9.95. 2,603,054 shares of the company's stock were exchanged, compared to its average volume of 1,827,900. 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 firm has a 50-day moving average price of $10.36 and a 200-day moving average price of $12.10. The company has a market cap of $658.35 million, a P/E ratio of -82.93, a price-to-earnings-growth ratio of 0.74 and a beta of 1.34. Canadian Solar has a 52 week low of $9.19 and a 52 week high of $21.05.

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Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of Canadian Solar from $12.00 to $11.00 and set a "sell" rating for the company in a research report on Wednesday. Mizuho assumed coverage on Canadian Solar in a research note on Friday, December 13th. They set an "outperform" rating and a $20.00 target price for the company. Wells Fargo & Company cut their target price on Canadian Solar from $13.00 to $10.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group dropped their target price on shares of Canadian Solar from $11.00 to $9.00 and set a "sell" rating on the stock in a report on Wednesday. Finally, StockNews.com cut shares of Canadian Solar from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Solar has an average rating of "Hold" and an average price target of $17.84.

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.