Trina Solar Limited (TSL) : Earnings Preview

Solar Panels

Trina Solar Limited (TSL) is scheduled to report earnings results for the second quarter of fiscal 2015 tomorrow, Aug 18, before the markets open. The Street is looking for revenues of $660.90 million, a 27% growth from $519.40 million in the same period a year earlier. As far as EPS is concerned, analysts expect Trina Solar’s year-over-year profit to increase 86% to $0.26 per share.

As a quick reminder, Trina Solar reported 1Q/15 EPS of $0.16, $0.07 better than the Street’s consensus estimate of $0.09. Revs came in at $558.1 million from $444.8 million e year earlier.

On valuation measures, TSL shares are currently priced at 22.14x this year’s forecasted earnings, which makes them expensive compared to the industry’s 1.98x earnings multiple. The company’s current year and next year EPS growth estimates stand at 33.80% and 34.30%, repsectively. TSL has a t-12 price/sales ratio of 0.35. EPS for the same period registers at $0.45.

Trina Solar’s shares have declined 5.64% in the last 4 weeks and 19.81% in the past three months. Over the past 5 trading sessions the stock has gained 5.44%. The Changzhou, China-based solar-power products manufacturer, which is currently valued at $837.90 million, has a median Wall Street price target of $16.10 with a high target of $25.

TSL is down 15.91% year-over-year and up 6.70% year-to-date.

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