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First Solar (FSLR) Declines More Than Market: Some Information for Investors
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First Solar (FSLR - Free Report) closed at $191.07 in the latest trading session, marking a -5.57% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Heading into today, shares of the largest U.S. solar company had lost 8.03% over the past month, lagging the Oils-Energy sector's gain of 3.72% and the S&P 500's loss of 2.43%.
The investment community will be paying close attention to the earnings performance of First Solar in its upcoming release. It is anticipated that the company will report an EPS of $4.59, marking a 8.25% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.31 billion, reflecting a 18.1% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.78 per share and a revenue of $5.06 billion, indicating changes of +25.12% and -3%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for First Solar. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.16% higher within the past month. First Solar is currently a Zacks Rank #3 (Hold).
Digging into valuation, First Solar currently has a Forward P/E ratio of 11.38. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 11.38.
One should further note that FSLR currently holds a PEG ratio of 0.54. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Solar industry had an average PEG ratio of 0.64.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 232, positioning it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
View the Zacks #1 Rank List
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First Solar (FSLR) Declines More Than Market: Some Information for Investors
First Solar (FSLR - Free Report) closed at $191.07 in the latest trading session, marking a -5.57% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Heading into today, shares of the largest U.S. solar company had lost 8.03% over the past month, lagging the Oils-Energy sector's gain of 3.72% and the S&P 500's loss of 2.43%.
The investment community will be paying close attention to the earnings performance of First Solar in its upcoming release. It is anticipated that the company will report an EPS of $4.59, marking a 8.25% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.31 billion, reflecting a 18.1% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.78 per share and a revenue of $5.06 billion, indicating changes of +25.12% and -3%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for First Solar. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the 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.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.16% higher within the past month. First Solar is currently a Zacks Rank #3 (Hold).
Digging into valuation, First Solar currently has a Forward P/E ratio of 11.38. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 11.38.
One should further note that FSLR currently holds a PEG ratio of 0.54. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Solar industry had an average PEG ratio of 0.64.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 232, positioning it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.