First Solar (FSLR - Free Report) reported $548.29 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 49.4%. EPS of $0.40 for the same period compares to -$0.41 a year ago.
The reported revenue represents a surprise of -23.71% over the Zacks Consensus Estimate of $718.69 million. With the consensus EPS estimate being $0.99, the EPS surprise was -59.60%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how First Solar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Modules: $536.59 million versus $697.84 million estimated by 11 analysts on average.
- Net Sales- Other: $11.70 million versus the seven-analyst average estimate of $23.58 million. The reported number represents a year-over-year change of -3.8%.
- Gross Profit- Modules: $106.89 million compared to the $170.91 million average estimate based on seven analysts.
- Gross Profit- Other: $5.16 million versus $63.15 million estimated by four analysts on average.
View all Key Company Metrics for First Solar here>>>Shares of First Solar have returned -7.4% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
First Solar (FSLR - Free Report) reported $548.29 million in revenue for the quarter ended March 2023, representing a year-over-year increase of 49.4%. EPS of $0.40 for the same period compares to -$0.41 a year ago.
The reported revenue represents a surprise of -23.71% over the Zacks Consensus Estimate of $718.69 million. With the consensus EPS estimate being $0.99, the EPS surprise was -59.60%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how First Solar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Modules: $536.59 million versus $697.84 million estimated by 11 analysts on average.
- Net Sales- Other: $11.70 million versus the seven-analyst average estimate of $23.58 million. The reported number represents a year-over-year change of -3.8%.
- Gross Profit- Modules: $106.89 million compared to the $170.91 million average estimate based on seven analysts.
- Gross Profit- Other: $5.16 million versus $63.15 million estimated by four analysts on average.
View all Key Company Metrics for First Solar here>>>Shares of First Solar have returned -7.4% over the past month versus the Zacks S&P 500 composite's +2.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Get the latest research report on FSLR - FREE