Canadian Solar Inc. (NASDAQ:CSIQ): Scheduled to Announce 1Q14 Earnings Today


Dallas, Texas 05/16/2014 (FINANCIALSTRENDS) – Canadian Solar Inc.(NASDAQ:CSIQ) is set to release its 1Q14 earnings result today before the opening bell. The company management will hold a conference call at 08:00 a.m. EDT to discuss the results and business outlook. As far analysts’ expectations are concerned, they anticipate Canadian Solar to post 1Q14 earnings of $0.12 per share, far better than loss of $0.10 per share posted during 1Q13. Sales are expected to rise nearly 64% on a year over year basis and revenue is estimated to be above $430 million as compared to revenue of $236.6 million reported during 1Q13.

Selective Preliminary Results

Canadian Solar Inc.(NASDAQ:CSIQ), last week announced its selective preliminary results for 1Q14 whereby the company anticipated its revenue to remain around $460 million to $470 million range which is significantly up from its previous guidance of $415 million to $430 million range. However, the company cut down its top line gross margin guidance for 1Q14 from its previous guidance of 14% – 16% range to 14% – 15% range.

The company also raised its sales expectations from its previous guidance where it anticipated solar module shipments to be in the range of 470 MW – 490 MW, to the range of about 490 MW to 500 MW during 1Q14.

Company Brief:

Canadian Solar Inc.(NASDAQ:CSIQ), one of the largest solar power company worldwide, offers vertically integrated solar modules, solar power plants and specialized solar products. The company operates in North and South America, the Middle East, Asia, Europe, Africa and Australia. The company reaches to customers in over 70 countries and has so far delivered over 6GW of solar modules.

Stock Update:

On Thursday, Canadian Solar Company’s stock closed at $25.32, losing closed to 6% from its previous close of $26.93. The stock has delivered nearly 33% negative returns over past three month period.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.