In the latest trading session, JinkoSolar (JKS - Free Report) closed at $23.57, marking a -0.88% move from the previous day. This change lagged the S&P 500's 0.04% loss on the day. Elsewhere, the Dow lost 0.05%, while the tech-heavy Nasdaq lost 0.01%.
Prior to today's trading, shares of the solar power product maker had gained 36.82% over the past month. This has outpaced the Oils-Energy sector's loss of 2.13% and the S&P 500's gain of 0.34% in that time.
Investors will be hoping for strength from JKS as it approaches its next earnings release, which is expected to be June 28, 2019. The company is expected to report EPS of $0.23, up 360% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $895.40 million, up 22.98% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.98 per share and revenue of $4.43 billion, which would represent changes of +81.71% and +18.46%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for JKS. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
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 past month, the Zacks Consensus EPS estimate has moved 0.34% higher. JKS is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, JKS currently has a Forward P/E ratio of 7.98. This represents a discount compared to its industry's average Forward P/E of 17.55.
Meanwhile, JKS's PEG ratio is currently 0.4. 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 Solar industry currently had an average PEG ratio of 0.79 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 35% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.