In the latest trading session, JinkoSolar (JKS - Free Report) closed at $52.61, marking a -0.57% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.88%. Meanwhile, the Dow lost 0.73%, and the Nasdaq, a tech-heavy index, lost 4.59%.
Coming into today, shares of the solar power product maker had lost 9.23% in the past month. In that same time, the Oils-Energy sector gained 2%, while the S&P 500 gained 5.83%.
JinkoSolar will be looking to display strength as it nears its next earnings release. In that report, analysts expect JinkoSolar to post earnings of $1.45 per share. This would mark year-over-year growth of 116.42%. Our most recent consensus estimate is calling for quarterly revenue of $3.76 billion, up 46.22% from the year-ago period.
Investors might also notice recent changes to analyst estimates for JinkoSolar. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. JinkoSolar is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, JinkoSolar is holding a Forward P/E ratio of 7.42. For comparison, its industry has an average Forward P/E of 32.66, which means JinkoSolar is trading at a discount to the group.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow JKS in the coming trading sessions, be sure to utilize Zacks.com.
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In the latest trading session, JinkoSolar (JKS - Free Report) closed at $52.61, marking a -0.57% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.88%. Meanwhile, the Dow lost 0.73%, and the Nasdaq, a tech-heavy index, lost 4.59%.
Coming into today, shares of the solar power product maker had lost 9.23% in the past month. In that same time, the Oils-Energy sector gained 2%, while the S&P 500 gained 5.83%.
JinkoSolar will be looking to display strength as it nears its next earnings release. In that report, analysts expect JinkoSolar to post earnings of $1.45 per share. This would mark year-over-year growth of 116.42%. Our most recent consensus estimate is calling for quarterly revenue of $3.76 billion, up 46.22% from the year-ago period.
Investors might also notice recent changes to analyst estimates for JinkoSolar. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. JinkoSolar is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, JinkoSolar is holding a Forward P/E ratio of 7.42. For comparison, its industry has an average Forward P/E of 32.66, which means JinkoSolar is trading at a discount to the group.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 41, putting it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow JKS in the coming trading sessions, be sure to utilize Zacks.com.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
Get the latest research report on JKS - FREE