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First Solar (FSLR) Outpaces Stock Market Gains: What You Should Know
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First Solar (FSLR - Free Report) closed at $212.30 in the latest trading session, marking a +1.04% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.07%. At the same time, the Dow added 0.12%, and the tech-heavy Nasdaq lost 1.47%.
Prior to today's trading, shares of the largest U.S. solar company had gained 24.92% over the past month. This has outpaced the Oils-Energy sector's gain of 2.44% and the S&P 500's loss of 2% in that time.
Investors will be hoping for strength from First Solar as it approaches its next earnings release. The company is expected to report EPS of $0.67, up 263.41% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $685.34 million, up 86.72% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.43 per share and revenue of $3.52 billion, which would represent changes of +1424.39% and +34.25%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for First Solar. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 52.66% higher. First Solar is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, First Solar is holding a Forward P/E ratio of 38.69. For comparison, its industry has an average Forward P/E of 35.1, which means First Solar is trading at a premium to the group.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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First Solar (FSLR) Outpaces Stock Market Gains: What You Should Know
First Solar (FSLR - Free Report) closed at $212.30 in the latest trading session, marking a +1.04% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.07%. At the same time, the Dow added 0.12%, and the tech-heavy Nasdaq lost 1.47%.
Prior to today's trading, shares of the largest U.S. solar company had gained 24.92% over the past month. This has outpaced the Oils-Energy sector's gain of 2.44% and the S&P 500's loss of 2% in that time.
Investors will be hoping for strength from First Solar as it approaches its next earnings release. The company is expected to report EPS of $0.67, up 263.41% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $685.34 million, up 86.72% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.43 per share and revenue of $3.52 billion, which would represent changes of +1424.39% and +34.25%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for First Solar. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 52.66% higher. First Solar is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, First Solar is holding a Forward P/E ratio of 38.69. For comparison, its industry has an average Forward P/E of 35.1, which means First Solar is trading at a premium to the group.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.