Canadian Solar Q4 EPS $(0.02) Down From $1.11 YoY, Sales $1.70B Beat $1.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian Solar (CSIQ) reported a Q4 EPS of $(0.02), a significant decrease from $1.11 YoY. Despite this, their sales of $1.70B slightly exceeded the $1.69B estimate, though it represents a 13.69% decrease from the previous year.
March 14, 2024 | 10:01 am
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Canadian Solar reported a significant decrease in EPS to $(0.02) from $1.11 YoY, with sales of $1.70B slightly beating estimates but down 13.69% YoY.
The significant drop in EPS indicates a substantial decrease in profitability YoY, which is likely to negatively impact investor sentiment and the stock price in the short term. However, the slight beat on sales estimates may provide some buffer against a steep decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100