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First Solar (FSLR) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, First Solar (FSLR - Free Report) closed at $172.11, marking a -1.74% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.2% for the day. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.
Heading into today, shares of the largest U.S. solar company had lost 13.54% over the past month, lagging the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
The investment community will be closely monitoring the performance of First Solar in its forthcoming earnings report. The company's upcoming EPS is projected at $4.57, signifying a 7.78% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.3 billion, indicating a 18.63% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $17.64 per share and revenue of $5.05 billion. These totals would mark changes of +24.14% and -3.24%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for First Solar. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.64% lower. Currently, First Solar is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that First Solar has a Forward P/E ratio of 9.93 right now. This expresses a discount compared to the average Forward P/E of 13.31 of its industry.
Also, we should mention that FSLR has a PEG ratio of 0.47. 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. By the end of yesterday's trading, the Solar industry had an average PEG ratio of 0.67.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 212, finds itself in the bottom 14% echelons of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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First Solar (FSLR) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, First Solar (FSLR - Free Report) closed at $172.11, marking a -1.74% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.2% for the day. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.
Heading into today, shares of the largest U.S. solar company had lost 13.54% over the past month, lagging the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
The investment community will be closely monitoring the performance of First Solar in its forthcoming earnings report. The company's upcoming EPS is projected at $4.57, signifying a 7.78% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.3 billion, indicating a 18.63% downward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $17.64 per share and revenue of $5.05 billion. These totals would mark changes of +24.14% and -3.24%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for First Solar. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.64% lower. Currently, First Solar is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that First Solar has a Forward P/E ratio of 9.93 right now. This expresses a discount compared to the average Forward P/E of 13.31 of its industry.
Also, we should mention that FSLR has a PEG ratio of 0.47. 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. By the end of yesterday's trading, the Solar industry had an average PEG ratio of 0.67.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 212, finds itself in the bottom 14% echelons of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.