SunPower Corporation (SPWR): Earnings Preview

Solar Panels

SunPower Corporation (SPWR) is scheduled to report its second-quarter fiscal year 2015 results after the markets close today. Street expectations point towards EPS of $0.17 and revenue of $485.99 million. That would be $0.04 higher the $0.13 per share posted last quarter and $0.32 below the $0.49 posted in the 1Q/14. Revs are projected to be at $485.99 million, or about 4.3% lower than the $508 million posted in the second quarter of 2014.

As a quick remainder, SunPower Corporation reported Q1/15 revenue of $440.9 million versus the $452.6 million consensus.

On valuation measures, SunPower Corp. shares have a T-12 price/sales ratio of 1.22 and a price/book for the same period of 2.27. EPS is $1.02. The name has a market cap of $3.39 billion and a median Wall Street price target of $42.00 with a high target of $49.00. Currently there are 8 analysts that rate SPWR a ‘Buy’, 1 rates it a ‘Hold’. No analyst rates the name a ‘Sell’.

In terms of share statistics, SunPower Corp. has a total of 133.27 million shares outstanding with 60.48% held by insiders and 32.90% held by institutions. The stock’s short interest currently stands at 11.23%, bringing the total number of shares sold short to 6.05 million.

Shares of San Jose, California-based manufacturer of solar systems to residential, commercial, and utility-scale power plant customers worldwide are down 33.18% year-over-year and 1.47% year-to-date.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.