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First Solar (FSLR) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, First Solar (FSLR - Free Report) closed at $166.24, marking a -1.77% move from the previous day. This change lagged the S&P 500's daily loss of 1.64%. At the same time, the Dow lost 1.08%, and the tech-heavy Nasdaq lost 1.82%.
Coming into today, shares of the largest U.S. solar company had lost 6.28% in the past month. In that same time, the Oils-Energy sector gained 3.68%, while the S&P 500 gained 0.89%.
First Solar will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.28, up 595.65% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $929.39 million, up 47.77% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.66 per share and revenue of $3.55 billion, which would represent changes of +1968.29% and +35.51%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for First Solar. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.32% higher. First Solar is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note First Solar's current valuation metrics, including its Forward P/E ratio of 22.08. This valuation marks a premium compared to its industry's average Forward P/E of 21.71.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FSLR in the coming trading sessions, be sure to utilize Zacks.com.
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First Solar (FSLR) Dips More Than Broader Markets: What You Should Know
In the latest trading session, First Solar (FSLR - Free Report) closed at $166.24, marking a -1.77% move from the previous day. This change lagged the S&P 500's daily loss of 1.64%. At the same time, the Dow lost 1.08%, and the tech-heavy Nasdaq lost 1.82%.
Coming into today, shares of the largest U.S. solar company had lost 6.28% in the past month. In that same time, the Oils-Energy sector gained 3.68%, while the S&P 500 gained 0.89%.
First Solar will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.28, up 595.65% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $929.39 million, up 47.77% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $7.66 per share and revenue of $3.55 billion, which would represent changes of +1968.29% and +35.51%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for First Solar. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.32% higher. First Solar is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note First Solar's current valuation metrics, including its Forward P/E ratio of 22.08. This valuation marks a premium compared to its industry's average Forward P/E of 21.71.
The Solar industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FSLR in the coming trading sessions, be sure to utilize Zacks.com.