Canadian Solar Inc reports results for the quarter ended March 31 - Earnings Summary

• Canadian Solar Inc CSIQ.OQ reported a quarterly adjusted loss of $1.07​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of nine analysts for the quarter was for a loss of $1.10 per share. Wall Street expected results to range from $-1.65 to -51 cents per share.

• Revenue fell 10% to $1.20 billion from a year ago; analysts expected $1.10 billion.

• Canadian Solar Inc's reported EPS for the quarter was a loss of 69 cents​.

• The company reported a quarterly loss of $33.97 million.

• Canadian Solar Inc shares had risen by 16.9% this quarter and lost 9.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2,284% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 4 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

• Wall Street's median 12-month price target for Canadian Solar Inc is $12.08

This summary was machine generated from LSEG data May 15 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)