We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in the Cards for First Solar (FSLR) in Q1 Earnings?
Read MoreHide Full Article
First Solar, Inc. (FSLR - Free Report) is slated to report its first-quarter 2023 results on Apr 27 after the closing bell.
In the last reported quarter, the company delivered an earnings surprise of 61.11%. First Solar has a trailing four-quarter earnings surprise of 8.61%, on average.
Factors to Note
The strong momentum of bookings and strength in the sales volume of modules are likely to have boosted the top line of the company in the first quarter of 2023. Moreover, expanding manufacturing capacity and a vertically integrated manufacturing process may have aided the top line in the soon-to-be-reported quarter. Also, the completion of the sale of FSLR’s Luz del Norte project in Chile may have contributed to revenues in the first quarter.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $718.7 million. This suggests growth of 95.8% from the year-ago reported figure.
A strong top line may have benefited the bottom-line performance of First Solar in the soon-to-be-reported quarter.
Meanwhile, higher production startup expenses, coupled with increased SG&A expenses and research & development expenses, might have weighed on the company’s earnings in the soon-to-be-reported quarter. Also, higher impairment charges due to the divestment of the Luz del Norte project are likely to have dampened FSLR’s earnings in the to-be-reported quarter. However, lower module and freight costs and projected sales growth can be expected to have boosted overall earnings in the first quarter.
The Zacks Consensus Estimate for First Solar’s first-quarter earnings is pegged at $1.01 per share. This implies massive growth from the year-ago quarter’s reported loss of 41 cents per share.
Our proven model does not conclusively predict an earnings beat for FSLR this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
Earnings ESP: The company’s Earnings ESP is -1.25%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are three companies you may want to consider from the same sector as these have the right combination of elements to post an earnings beat this season:
FTC Solar (FTCI - Free Report) currently has an Earnings ESP of +36.84% and a Zacks Rank #2. The Zacks Consensus Estimate for its first-quarter sales is pegged at $38.52 million, suggesting a decline of 22.3%.
FTCI delivered an earnings surprise of 8.33% in the last quarter. It has a four-quarter average negative earnings surprise of 15.08%.
Maxeon Solar Technologies (MAXN - Free Report) currently has an Earnings ESP of +57.07% and a Zacks Rank #2. The Zacks Consensus Estimate for Maxeon’s first-quarter sales suggests year-over-year growth of 47.2% from the prior-year reported figure.
In the last reported quarter, Maxeon delivered a negative earnings surprise of 47.20%. MAXN has a four-quarter negative earnings surprise of 11.25%, on average.
Excelerate Energy, Inc. (EE - Free Report) currently has an Earnings ESP of +22.00% and a Zacks Rank #3. The Zacks Consensus Estimate for its first-quarter earnings is pegged at 25 cents per share.
The Zacks Consensus Estimate for EE’s first-quarter sales is pegged at $360.1 million. The company delivered a four-quarter earnings surprise of 157.84%.
Image: Bigstock
What's in the Cards for First Solar (FSLR) in Q1 Earnings?
First Solar, Inc. (FSLR - Free Report) is slated to report its first-quarter 2023 results on Apr 27 after the closing bell.
In the last reported quarter, the company delivered an earnings surprise of 61.11%. First Solar has a trailing four-quarter earnings surprise of 8.61%, on average.
Factors to Note
The strong momentum of bookings and strength in the sales volume of modules are likely to have boosted the top line of the company in the first quarter of 2023. Moreover, expanding manufacturing capacity and a vertically integrated manufacturing process may have aided the top line in the soon-to-be-reported quarter. Also, the completion of the sale of FSLR’s Luz del Norte project in Chile may have contributed to revenues in the first quarter.
The Zacks Consensus Estimate for first-quarter revenues is pegged at $718.7 million. This suggests growth of 95.8% from the year-ago reported figure.
A strong top line may have benefited the bottom-line performance of First Solar in the soon-to-be-reported quarter.
Meanwhile, higher production startup expenses, coupled with increased SG&A expenses and research & development expenses, might have weighed on the company’s earnings in the soon-to-be-reported quarter. Also, higher impairment charges due to the divestment of the Luz del Norte project are likely to have dampened FSLR’s earnings in the to-be-reported quarter. However, lower module and freight costs and projected sales growth can be expected to have boosted overall earnings in the first quarter.
The Zacks Consensus Estimate for First Solar’s first-quarter earnings is pegged at $1.01 per share. This implies massive growth from the year-ago quarter’s reported loss of 41 cents per share.
First Solar, Inc. Price and EPS Surprise
First Solar, Inc. price-eps-surprise | First Solar, Inc. Quote
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for FSLR this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
Earnings ESP: The company’s Earnings ESP is -1.25%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: First Solar currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are three companies you may want to consider from the same sector as these have the right combination of elements to post an earnings beat this season:
FTC Solar (FTCI - Free Report) currently has an Earnings ESP of +36.84% and a Zacks Rank #2. The Zacks Consensus Estimate for its first-quarter sales is pegged at $38.52 million, suggesting a decline of 22.3%.
FTCI delivered an earnings surprise of 8.33% in the last quarter. It has a four-quarter average negative earnings surprise of 15.08%.
Maxeon Solar Technologies (MAXN - Free Report) currently has an Earnings ESP of +57.07% and a Zacks Rank #2. The Zacks Consensus Estimate for Maxeon’s first-quarter sales suggests year-over-year growth of 47.2% from the prior-year reported figure.
In the last reported quarter, Maxeon delivered a negative earnings surprise of 47.20%. MAXN has a four-quarter negative earnings surprise of 11.25%, on average.
Excelerate Energy, Inc. (EE - Free Report) currently has an Earnings ESP of +22.00% and a Zacks Rank #3. The Zacks Consensus Estimate for its first-quarter earnings is pegged at 25 cents per share.
The Zacks Consensus Estimate for EE’s first-quarter sales is pegged at $360.1 million. The company delivered a four-quarter earnings surprise of 157.84%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.