Solar company released earnings

Will first solar (fslr) see a year-over-year increase in earnings?

Wall Street expects a year-over-year increase in earnings on higher revenues when First Solar (FSLR) reports results for the quarter ended September 2024.

Will first solar's price move based on a recent earnings call?

The immediate price movement of First Solar's shares based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary during the earnings call. First Solar shares have lost about 16.1% since the beginning of the year, while the S&P 500 has gained 6.3%.

How can investors track first solar's earnings estimate revisions?

Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Solar: mixed.

How many times has First Solar surpassed consensus EPS estimates?

Over the last four quarters, the company has surpassed consensus EPS estimates two times. First Solar , which belongs to the Zacks Solar industry, posted revenues of $810.67 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 12.53%. This compares to year-ago revenues of $620.96 million.

How did the solar industry perform in 2023?

Full Year 2023 Summary Total revenues of $3.0 billion, down 4% from $3.1 billion in the prior year. Revenues from the solar segment were $2.8 billion, down 4% from $2.9 billion in the prior year. GAAP gross margin was 23.6% compared to 27.2% in the prior year.

Is first solar (fslr) a good stock to buy?

Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. First Solar (FSLR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.