Canadian Solar Inc. reports results for the quarter ended June 30 - Earnings Summary
Canadian Solar Inc. reports results for the quarter ended June 30 - Earnings Summary
Canadian Solar Inc. CSIQ.OQ reported a quarterly adjusted loss of $1.40 per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of ten analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from $-1.21 to $1.07 per share.
Revenue fell 28.7% to $1.21 billion from a year ago; analysts expected $1.14 billion.
Canadian Solar Inc.'s reported EPS for the quarter was a loss of $1.40.
The company reported a quarterly loss of $76.86 million.
Canadian Solar Inc. shares had fallen by 13.4% this quarter and lost 41.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 85.8% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is "buy."
Wall Street's median 12-month price target for Canadian Solar Inc. is $18.00, about 22.9% above its last closing price of $13.87
This summary was machine generated from LSEG data August 27 at 12:00 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | -0.11 | -1.40 | Missed |
Mar. 31 2026 | -0.86 | -0.71 | Beat |
Dec. 31 2025 | -0.61 | -1.27 | Missed |
Sep. 30 2025 | -0.49 | -0.07 | Beat |
Recent news on Canadian Solar
See all newsRefile: First Solar drops ITC patent case, shifts focus to lawsuits against rivals
U.S. STOCKS ON THE MOVE-BWX Technologies, Synopsys,Burlington Stores
U.S. STOCKS ON THE MOVE-Jazz Pharmaceuticals, Celularity, Infleqtion
U.S. STOCKS ON THE MOVE-Veeva Systems, Dollar General, ChronoScale
Canadian Solar Inc. reports results for the quarter ended June 30 - Earnings Summary