Canadian Solar (CSIQ) Expected to Announce Earnings of $0.38 Per Share

Lloyd Doyle
May 17, 2018

CSIQ's profit could be $22.26 million with 10.99 P/E in case $0.38 EPS is published. Two Sigma Advisers LP's holdings in Canadian Solar were worth $386,000 at the end of the most recent quarter. Analysts have anticipation on stock's earnings per share of $0.38. After $1.01 actual EPS reported by Canadian Solar Inc. for the previous quarter, Wall Street now forecasts -62.38% negative EPS growth. Analysts at Wall Street see Canadian Solar Inc.'s -62.38 % negative EPS growth compared to $1.01 EPS for last quarter. The solar energy provider reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01.

Shares of Canadian Solar (NASDAQ:CSIQ) have earned an average recommendation of "Hold" from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Trexquant Investment LP now owns 130,519 shares of the solar energy provider's stock worth $2,124,000 after buying an additional 91,391 shares during the period. Canadian Solar had a net margin of 2.94% and a return on equity of 6.11%.

Several research analysts recently weighed in on the company. The company's revenue was up 65.9% on a year-over-year basis. CSIQ has 454,998 shares volume. In Monday, March 26 report Oppenheimer maintained the stock with "Buy" rating. Finally, JPMorgan Chase upgraded Canadian Solar from an "underweight" rating to a "neutral" rating and set a $16.00 target price on the stock in a report on Thursday, February 1st. They noted that the move was a valuation call. (NASDAQ:CSIQ) earned "Sell" rating by J.P. Morgan. In Tuesday, March 27 report J.P. Morgan downgraded the stock to "Sell" rating. On Friday, December 15 Axiom Capital downgraded the shares of CSIQ in report to "Hold" rating. Deutsche Bank AG now owns 339,155 shares of the solar energy provider's stock worth $5,717,000 after purchasing an additional 49,440 shares during the last quarter. On Tuesday, December 12 J.P. Morgan downgraded Canadian Solar Inc. Schwab Charles Investment Management Inc. now owns 64,707 shares of the solar energy provider's stock valued at $1,091,000 after purchasing an additional 5,452 shares during the last quarter. KBC Group NV grew its position in shares of Canadian Solar by 411.7% during the first quarter. Its up 1.48% from 4.12 million shares previously. Calamos Advisors LLC lifted its holdings in Canadian Solar by 21.3% in the 4th quarter. The fund owned 22,902 shares of the solar energy provider's stock after purchasing an additional 7,800 shares during the quarter. Finally, We Are One Seven LLC bought a new stake in Canadian Solar in the fourth quarter valued at approximately $142,000. Institutional investors own 38.89% of the company's stock. Prescott Group Capital Management Llc sold 237,400 shares as Canadian Solar Inc (CSIQ)'s stock declined 3.63%. The company had a trading volume of 453,619 shares, compared to its average volume of 660,447. Canadian Solar has a 12-month low of $12.07 and a 12-month high of $19.09. The company has a current ratio of 0.99, a quick ratio of 0.91 and a debt-to-equity ratio of 0.50.

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