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First Solar (FSLR) Gains As Market Dips: What You Should Know
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First Solar (FSLR - Free Report) ended the recent trading session at $207.17, demonstrating a +2% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.59%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 0.65%.
The largest U.S. solar company's shares have seen a decrease of 10.44% over the last month, not keeping up with the Oils-Energy sector's gain of 9.15% and the S&P 500's loss of 1.37%.
The upcoming earnings release of First Solar will be of great interest to investors. The company is expected to report EPS of $4.56, up 7.55% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.32 billion, down 17.36% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.77 per share and a revenue of $5.08 billion, indicating changes of +25.05% and -2.74%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for First Solar. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. First Solar is currently a Zacks Rank #3 (Hold).
From a valuation perspective, First Solar is currently exchanging hands at a Forward P/E ratio of 11.43. This represents no noticeable deviation compared to its industry average Forward P/E of 11.43.
It is also worth noting that FSLR currently has a PEG ratio of 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Solar industry was having an average PEG ratio of 0.64.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 233, placing it within the bottom 6% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FSLR in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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First Solar (FSLR) Gains As Market Dips: What You Should Know
First Solar (FSLR - Free Report) ended the recent trading session at $207.17, demonstrating a +2% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.59%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 0.65%.
The largest U.S. solar company's shares have seen a decrease of 10.44% over the last month, not keeping up with the Oils-Energy sector's gain of 9.15% and the S&P 500's loss of 1.37%.
The upcoming earnings release of First Solar will be of great interest to investors. The company is expected to report EPS of $4.56, up 7.55% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.32 billion, down 17.36% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.77 per share and a revenue of $5.08 billion, indicating changes of +25.05% and -2.74%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for First Solar. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. First Solar is currently a Zacks Rank #3 (Hold).
From a valuation perspective, First Solar is currently exchanging hands at a Forward P/E ratio of 11.43. This represents no noticeable deviation compared to its industry average Forward P/E of 11.43.
It is also worth noting that FSLR currently has a PEG ratio of 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Solar industry was having an average PEG ratio of 0.64.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 233, placing it within the bottom 6% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FSLR in the coming trading sessions, be sure to utilize Zacks.com.