First Solar, Inc. (NASDAQ:FSLR) is set to announce third quarter earning results on Tuesday 27th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FSLR to report 3Q20 income of $ 0.61 per share.
For the full year, analysts anticipate top line of $ 2666.19 million, while looking forward to income of $ 2.86 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,700.00 million ~ $ 2,900.00 million, where as bottomline are predicted in a range of $ 3.25 ~ $ 3.75 per share
Click Here For More Historical Outlooks Of First Solar, Inc.
Previous Quarter Performance
First Solar, Inc. came out with income for the second quarter of $ 0.39 per share, from the revenue of $ 642.41 million. The quarterly revenues escalated 9.82 percent compared with the same quarter last year. According to street consensus, FSLR was expected to report 2Q20 income of $ 0.23 per share from revenue of $ 493.34 million. The bottom line results beat street analysts by $ 0.16 or 69.57 percent, at the same time, top line results outshined analysts by $ 149.07 million or 30.22 percent.
Stock Performance
Shares of First Solar, Inc. traded up $ 2.72 or 3.29 percent on Friday, reaching $ 85.37 with volume of 2.37 million shares. First Solar, Inc. has traded high as $ 86.24 and has cracked $ 82.80 on the downward trend
According to the previous trading day, closing price of $ 85.37, representing a 190.31 % increase from the 52 week low of $ 28.47 and a 5.48 % decrease over the 52 week high of $ 87.44.
The company has a market capital of $ 9.05 billion and is part of the Technology sector and Solar industry.
Recent Analyst recommendations
- On 16th October 2020, downgraded by Bank of America to Neutral from Buy rating
- On 8th October 2020, maintained by Raymond James at Outperform rating, with $ 80.00 target price.
Conference Call
First Solar, Inc. will be hosting a conference call at 4:30 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.firstsolar.com
First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United States and internationally. It operates in two segments, Modules and Systems.
