Canadian Solar Inc. (NASDAQ:CSIQ) is set to announce third quarter earning results on Thursday 19th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CSIQ to report 3Q20 loss of $ 0.05 per share.
For the full year, analysts anticipate top line of $ 3652.65 million, while looking forward to income of $ 2.81 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 840.00 million ~ $ 890.00 million
Full Year 2020 topline are forecasted in a range of$ 3,400.00 million ~ $ 3,900.00 million
Click Here For More Historical Outlooks Of Canadian Solar Inc.
Previous Quarter Performance
Canadian Solar Inc. came out with income for the second quarter of $ 0.09 per share, from the revenue of $ 695.85 million. The quarterly earnings down 91.35 percent while revenues declined 32.85 percent compared with the same quarter last year.
According to street consensus, CSIQ was expected to report 2Q20 loss of $ 0.04 per share from revenue of $ 662.95 million. The bottom line results beat street analysts by $ 0.13 or 325.00 percent, at the same time, top line results outshined analysts by $ 32.90 million or 4.96 percent.
Stock Performance
Shares of Canadian Solar Inc. traded low $ -0.97 or -2.44 percent on Wednesday, reaching $ 38.72 with volume of 1.96 million shares. Canadian Solar Inc. has traded high as $ 40.32 and has cracked $ 38.18 on the downward trend
According to the previous trading day, closing price of $ 38.72, representing a 230.75 % increase from the 52 week low of $ 12.00 and a 11.52 % decrease over the 52 week high of $ 44.86.
The company has a market capital of $ 2.29 billion and is part of the Technology sector and Solar industry.
Conference Call
Canadian Solar Inc. will be hosting a conference call at 8:00 AM eastern time on 19th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, +1-866-519-4004 (United States) or +1 845-675-0437 Outside U.S., when prompted, enter passcode 8846757 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.canadiansolar.com
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products primarily under the Canadian Solar brand name. The company operates through two segments, Module and System Solutions, and Energy. Its products include various solar modules that are used in residential, commercial, and industrial solar power generation systems.
