Canadian Solar (NASDAQ:CSIQ – Get Free Report) will issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter. Canadian Solar has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Canadian Solar (NASDAQ:CSIQ – Get Free Report) last announced its quarterly earnings results on Thursday, March 14th. The solar energy provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.11. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Canadian Solar had a net margin of 3.60% and a return on equity of 8.31%. The company’s revenue was down 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. On average, analysts expect Canadian Solar to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Canadian Solar Stock Performance
NASDAQ:CSIQ opened at $17.56 on Wednesday. The company’s 50-day moving average is $17.99 and its two-hundred day moving average is $20.80. Canadian Solar has a 1-year low of $14.11 and a 1-year high of $45.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.84. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 4.53, a PEG ratio of 0.26 and a beta of 1.29.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on CSIQ
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.
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