First Solar (FSLR) : Earnings Whisper

First Solar, Inc. (FSLR) is scheduled to report 2Q’15 earnings on Tuesday after the bell. The provider of solar energy solutions is expected to report revenue of $788.30 million. Similarly, the EPS is projected at $0.08. A year ago, First Solar earned $0.04 a share. The Street’s estimates for the quarter reflect a year-over-year EPS and revenue increase of 100% and 44.90%, respectively. Meanwhile, EarningsWhisper.com reports a whisper number of $0.32 per share.

As a quick reminder, FSLR reported 1Q/15 EPS of ($0.62), $0.33 better than the Street’s consensus estimate of ($0.29). Revs fell year-over-year to $469.2 million from $950 vs. the $599.47 million consensus.

On valuation measures, First Solar, Inc. shares are currently priced at 19.77x this year’s forecasted earnings compared to the industry’s 0.93x earnings multiple. Ticker has a PEG and forward P/E ratio of (1.86) and 14.14, respectively. Price/Sales for the same period is 1.53 while EPS is $2.20. Currently there are 6 analysts that rate FSLR a ‘Buy’, 9 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. FSLR has a median Wall Street price target of $65.00 with a high target of $81.00.

In the past 52 weeks, shares of Tempe, Arizona-based company have traded between a low of $39.18 and a high of $73.78 and are now at $43.58. Shares are down 29.81% year-over-year and 0.67% year-to-date.

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