First Solar, Inc. (NASDAQ:FSLR) Releases FY17 Earnings Guidance

First Solar, Inc. (NASDAQ:FSLR) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $2.40-2.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.21. The company issued revenue guidance of $3.0-3.1 billion, compared to the consensus revenue estimate of $3.05 billion.

Several research analysts have commented on the stock. TheStreet raised shares of First Solar from a d+ rating to a c rating in a research note on Wednesday, July 19th. BidaskClub downgraded First Solar from a strong-buy rating to a buy rating in a research report on Thursday, August 3rd. Cowen and Company reiterated a buy rating and set a $57.00 target price on shares of First Solar in a research report on Sunday, September 3rd. Roth Capital reiterated a buy rating and set a $60.00 target price on shares of First Solar in a research report on Tuesday, September 26th. Finally, Robert W. Baird reiterated a hold rating and set a $53.00 target price on shares of First Solar in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. First Solar has a consensus rating of Hold and a consensus price target of $47.61.

Shares of First Solar, Inc. (NASDAQ FSLR) opened at $61.59 on Friday. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06. First Solar, Inc. has a 12 month low of $25.56 and a 12 month high of $62.57. The firm has a market capitalization of $6,432.03, a P/E ratio of 15.10 and a beta of 1.99.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $1.11. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $859.22 million. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. The company’s revenue for the quarter was up 59.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 earnings per share. research analysts anticipate that First Solar, Inc. will post 2.47 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/12/first-solar-inc-fslr-updates-fy17-earnings-guidance.html.

About First Solar

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

Earnings History and Estimates for First Solar (NASDAQ:FSLR)

Receive News & Ratings for First Solar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply