JinkoSolar Holding Q4 2023 Adj EPADS $1.21 Misses $2.50 Estimate, Sales $4.624B Beat $4.276B Estimate
Portfolio Pulse from Benzinga Newsdesk
JinkoSolar Holding Co (NYSE:JKS) reported Q4 2023 adjusted earnings per share (EPS) of $1.21, missing the consensus estimate of $2.50 by 51.6%. However, their quarterly sales of $4.624 billion exceeded the consensus estimate of $4.276 billion by 8.15%, marking a 4.90% increase from the same period last year.
March 20, 2024 | 11:19 am
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JinkoSolar's Q4 2023 earnings missed EPS estimates significantly but surpassed sales forecasts, indicating mixed financial performance.
The significant miss in EPS estimates could concern investors about profitability, potentially putting downward pressure on JKS stock. However, the beat on sales estimates and year-over-year sales growth might offset some of the negative sentiment, suggesting a neutral short-term impact.
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