JinkoSolar Holding Co Q1 Sales $3.19B Miss $3.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
JinkoSolar Holding Co (NYSE:JKS) reported Q1 sales of $3.19 billion, missing the analyst consensus estimate of $3.25 billion by 1.78% and marking a 6.03% decrease from $3.40 billion in sales the same period last year.
April 29, 2024 | 10:52 am
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NEGATIVE IMPACT
JinkoSolar's Q1 sales of $3.19 billion missed estimates by 1.78% and decreased 6.03% YOY.
Missing sales estimates and a year-over-year decrease in sales are typically seen as negative indicators by the market, likely leading to a short-term negative impact on JKS's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100