JinkoSolar Holding Co Q4 EPADS $0.08 Misses $2.21 Estimate, Sales $4.62B Beat $4.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
JinkoSolar Holding Co (JKS) reported Q4 earnings per share of $0.08, missing the $2.21 estimate by 96.38%. However, their quarterly sales of $4.62B exceeded the $4.28B estimate by 8.04%, marking a 4.90% increase from the previous year.
March 20, 2024 | 9:53 am
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NEUTRAL IMPACT
JinkoSolar's Q4 earnings per share significantly missed estimates, but sales exceeded expectations and showed year-over-year growth.
The significant miss in earnings per share (EPS) could negatively impact investor sentiment and stock price in the short term. However, the better-than-expected sales figures and year-over-year growth may offset some of the negative impact. The mixed results lead to a neutral short-term price direction score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100