Canadian Solar (CSIQ) Projected to Post Quarterly Earnings on Thursday

Canadian Solar (NASDAQ:CSIQ - Get Free Report) will likely be releasing its Q1 2025 earnings data before the market opens on Thursday, May 15th. Analysts expect the company to announce earnings of ($1.09) per share and revenue of $1.11 billion for the quarter. Canadian Solar has set its Q1 2025 guidance at EPS and its FY 2025 guidance at EPS.

Canadian Solar (NASDAQ:CSIQ - Get Free Report) last posted its 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 return on equity of 0.02% and a net margin of 0.01%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Canadian Solar's quarterly revenue 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 Down 2.2 %

NASDAQ CSIQ traded down $0.21 during trading hours on Tuesday, reaching $8.98. 1,169,417 shares of the company's stock were exchanged, compared to its average volume of 1,941,935. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 1.06. Canadian Solar has a one year low of $6.57 and a one year high of $21.05. The company's 50-day moving average is $8.95 and its two-hundred day moving average is $10.81. The company has a market capitalization of $593.78 million, a price-to-earnings ratio of -74.79, a price-to-earnings-growth ratio of 0.74 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Canadian Solar from $13.00 to $10.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 8th. Citigroup raised shares of Canadian Solar from a "sell" rating to a "neutral" rating and set a $8.00 target price for the company in a research note on Thursday, April 17th. StockNews.com cut Canadian Solar from a "hold" rating to a "sell" rating in a report on Friday, January 31st. Roth Capital cut Canadian Solar from a "buy" rating to a "neutral" rating and set a $9.00 price objective for the company. in a research report on Friday, April 25th. Finally, The Goldman Sachs Group decreased their price objective on shares of Canadian Solar from $11.00 to $9.00 and set a "sell" rating on the stock in a report on Wednesday, March 26th. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $16.77.

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.