Market forces rained on the parade of Canadian Solar Inc. (NASDAQ:CSIQ) shareholders today, when the analysts downgraded their forecasts for this year. Both revenue and earnings per share (EPS) estimates were cut sharply as the analysts factored in the latest outlook for the business, concluding that they were too optimistic previously.
After the downgrade, the nine analysts covering Canadian Solar are now predicting revenues of US$7.7b in 2024. If met, this would reflect a modest 5.8% improvement in sales compared to the last 12 months. Statutory earnings per share are supposed to plummet 39% to US$1.88 in the same period. Previously, the analysts had been modelling revenues of US$8.7b and earnings per share (EPS) of US$3.23 in 2024. Indeed, we can see that the analysts are a lot more bearish about Canadian Solar's prospects, administering a measurable cut to revenue estimates and slashing their EPS estimates to boot.
NasdaqGS:CSIQ Earnings and Revenue Growth May 12th 2024
The consensus price target fell 9.2% to US$26.20, with the weaker earnings outlook clearly leading analyst valuation estimates.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Canadian Solar's revenue growth is expected to slow, with the forecast 7.8% annualised growth rate until the end of 2024 being well below the historical 23% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 17% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Canadian Solar.
The Bottom Line
The most important thing to take away is that analysts cut their earnings per share estimates, expecting a clear decline in business conditions. Unfortunately analysts also downgraded their revenue estimates, and industry data suggests that Canadian Solar's revenues are expected to grow slower than the wider market. After such a stark change in sentiment from analysts, we'd understand if readers now felt a bit wary of Canadian Solar.
There might be good reason for analyst bearishness towards Canadian Solar, like dilutive stock issuance over the past year. Learn more, and discover the 1 other flag we've identified, for free on our platform here.
Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.
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今天,阿特斯太陽能公司(納斯達克股票代碼:CSIQ)的分析師們下調了今年的業績預測,市場力量給公司股東們帶來了一場大雨。由於分析師將最新的業務前景考慮在內,得出結論,他們此前過於樂觀,因此收入和每股收益(EPS)的預期均大幅下調。
降級後,九位報道加拿大太陽能的分析師現在預測2024年的收入爲77億美元。如果得到滿足,這將反映出與過去12個月相比銷售額略有增長5.8%。同期,法定每股收益預計將下降39%,至1.88美元。此前,分析師一直在模擬2024年的收入爲87億美元,每股收益(EPS)爲3.23美元。事實上,我們可以看出,分析師對加拿大太陽能的前景更加悲觀,他們大幅削減了收入預期,並下調了每股收益預期。
納斯達克股票代碼:CSIQ 收益和收入增長 2024 年 5 月 12 日
共識目標股價下跌9.2%,至26.20美元,疲軟的盈利前景顯然領先於分析師的估值預期。
了解這些預測的更多背景信息的一種方法是研究它們與過去的業績相比如何,以及同一行業中其他公司的表現。我們要強調的是,加拿大太陽能的收入增長預計將放緩,預計到2024年底的年化增長率爲7.8%,遠低於過去五年23%的歷史年增長率。相比之下,該行業的其他公司(根據分析師的預測),後者的總體收入預計每年將增長17%。因此,很明顯,儘管收入增長預計將放緩,但整個行業的增長速度預計也將超過加拿大太陽能。
底線
要了解的最重要的一點是,分析師下調了每股收益預期,預計業務狀況將明顯下降。不幸的是,分析師也下調了收入預期,行業數據表明,加拿大太陽能的收入增長預計將慢於整個市場。在分析師的情緒發生瞭如此明顯的變化之後,我們可以理解讀者現在是否對加拿大太陽能感到有些警惕。
分析師可能有充分的理由看跌加拿大太陽能,例如過去一年的稀釋性股票發行。在我們的平台上免費了解更多,並發現我們已經確定的另外一個標誌。
尋找可能達到轉折點的有趣公司的另一種方法是使用內部人士收購的成長型公司的免費清單,跟蹤管理層是買入還是賣出。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。