JinkoSolar Holding (JKS) : Earnings Whisper

Solar Panels

JinkoSolar Holding Co., Ltd. (JKS) is scheduled to release its 2Q15 earnings results before the opening bell on Thursday. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $0.88 per share, down from $0.92 in the same quarter last year. Revenue is projected to post a 19% year-over-year [yoy] increase to $467.80 million from $392.10 million a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.87 per share.

As a quick reminder, JinkoSolar reported 1Q/15 EPS of $0.88, $0.48 better than the Street’s consensus estimate of $0.40. Revs increase 37% yoy to $443.5 million versus the $372.17 million consensus.

On valuation measures, JinkoSolar Holding Co., Ltd. shares are currently priced at 7.69x this year’s forecasted earnings compared to the industry’s 2.84x earnings multiple. Ticker has a PEG and forward P/E ratio of -1.21 and 5.60, respectively. Price/Sales for the same period is 0.43 while EPS is $2.81. Currently, there are 6 analysts that rate JKS a ‘Buy’ vs. one rating it a ‘Hold’. No analyst rates it a ‘Sell’. JKS has a median Wall Street price target of $34.50 with a high target of $45.00.

Over the past year, shares of Shangrao, China-based designer of photovoltaic products have traded between a low of $16.10 and a high of $34.77 and are now at $21.62.

Shares are down 14.86% year-over-year ; up 18.26% year-to-date.

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