Benzinga | Aug 6, 2020 03:26PM EDT

Earnings Preview: Canadian Solar

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 2019EPS Estimate 0.86 0.45 0.80 0.30EPS Actual 1.84 1.04 0.66 0.77Revenue Estimate 792.65 M 865.46 M 799.55 M 990.29 MRevenue 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.

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