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First Solar (FSLR) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, First Solar (FSLR - Free Report) was down 10.48% at $171.86. This move lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The largest U.S. solar company's stock has dropped by 6.78% in the past month, falling short of the Oils-Energy sector's loss of 0.34% and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of First Solar in its upcoming earnings disclosure. The company is expected to report EPS of $4.59, up 8.25% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.29 billion, down 19.04% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $17.78 per share and revenue of $5.06 billion, which would represent changes of +25.12% and -3%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for First Solar. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
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 last 30 days, the Zacks Consensus EPS estimate has moved 0.06% higher. First Solar currently has a Zacks Rank of #3 (Hold).
With respect to valuation, First Solar is currently being traded at a Forward P/E ratio of 10.8. This signifies a discount in comparison to the average Forward P/E of 13.96 for its industry.
We can additionally observe that FSLR currently boasts a PEG ratio of 0.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Solar industry stood at 0.65 at the close of the market yesterday.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 233, positioning it in the bottom 6% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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First Solar (FSLR) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, First Solar (FSLR - Free Report) was down 10.48% at $171.86. This move lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.01%.
The largest U.S. solar company's stock has dropped by 6.78% in the past month, falling short of the Oils-Energy sector's loss of 0.34% and the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of First Solar in its upcoming earnings disclosure. The company is expected to report EPS of $4.59, up 8.25% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.29 billion, down 19.04% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $17.78 per share and revenue of $5.06 billion, which would represent changes of +25.12% and -3%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for First Solar. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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.
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 last 30 days, the Zacks Consensus EPS estimate has moved 0.06% higher. First Solar currently has a Zacks Rank of #3 (Hold).
With respect to valuation, First Solar is currently being traded at a Forward P/E ratio of 10.8. This signifies a discount in comparison to the average Forward P/E of 13.96 for its industry.
We can additionally observe that FSLR currently boasts a PEG ratio of 0.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Solar industry stood at 0.65 at the close of the market yesterday.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 233, positioning it in the bottom 6% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.