Canadian Solar Inc. (CSIQ) : Q415 Earnings Whisper

Canadian Solar Inc. (CSIQ) is set to announce its Q415 earnings tomorrow before the market opens with a conference call to follow at 8 a.m. ET. Analysts expect the solar company to report EPS of $0.76 and revenue of $1.04 billion. That would be $0.03 lower the $0.79 per share posted last quarter, and $0.52 lower the $1.28 posted in the Q414. Revenue is projected to be $83.8 million higher than the $956.2 million posted in the same period a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $1.09 per share.

As a quick reminder, CSIQ reported Q315 EPS of $0.79, $0.59 better than the Street’s consensus estimate of $0.20. Revs declined 7.06% year-over-year to $849.8 million versus the $616.09 million consensus.

On valuation measures, Canadian Solar Inc. shares are priced at 6.82x this year’s forecasted earnings, compared to the industry’s 16.21x earnings multiple. The company’s current year and next year EPS growth estimates stand at (36.7%) and (0.8%), compared to the industry growth rates of 14.40% and 4.60%, respectively. CSIQ has a t-12 price-to-sales ratio of 0.36. EPS for the same period registers at $3.16.

Canadian Solar Inc. shares have advanced 9.88% in the last 4 weeks while declining 13.17% in the past three months. Over the past 5 trading sessions the stock has lost 6.32%.

The West Guelph, Canada-based company, currently valued at $1.21 billion, has a median Street price target of $32.46 with a high target of $47.00.

CSIQ is down 33.89% year-over-year, compared with a 2.99% loss in the S&P 500.

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