Earnings Preview: First Solar
Portfolio Pulse from Benzinga Insights
First Solar (NASDAQ:FSLR) is set to release its quarterly earnings report on July 27, 2023. Analysts estimate an EPS of $0.96. The company's past performance shows a pattern of share price changes following earnings reports. Last quarter, the company missed EPS by $0.53, resulting in a 9.09% drop in share price. The stock is currently trading at $200.01, up 121.1% over the last 52-week period.
July 26, 2023 | 5:02 pm
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First Solar's upcoming earnings report could impact its stock price. Last quarter's EPS miss led to a 9.09% drop in share price. The stock is currently trading at $200.01, up 121.1% over the last 52-week period.
First Solar's stock price has shown to be sensitive to its earnings reports. Last quarter, the company missed its EPS estimate, which led to a significant drop in its share price. Given this pattern, the upcoming earnings report could have a similar impact, especially if the company misses its EPS estimate again. However, the stock has been performing well over the last year, which could potentially offset any negative impact from the earnings report.
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