JinkoSolar Holding Co Ltd expected to post a loss of 76 cents a share - Earnings Preview

JinkoSolar Holding

24/04/2024 13:50

* JinkoSolar Holding Co Ltd  JKS.N   JKS  is expected
to show a
fall in quarterly revenue when it reports  results on April 29
for the period ending March 31 2024
    * The Shangrao Jiangxi-based  company is expected to report
a
4.4% decrease in revenue to $3.249 billion from $3.4 billion a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for JinkoSolar Holding Co
Ltd is
for a loss of 76 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months. ​
    * Wall Street's median 12-month price target for JinkoSolar
Holding Co Ltd is $26.50​, above​ its last closing price
of $22.88. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  2.38        2.50       1.21      Missed  -51.6
 Sep. 30 2023  1.45        1.44       3.31      Beat    129.9
 Jun. 30 2023  1.67        1.65       3.52      Beat    113.8​
 Mar. 31 2023  0.43        0.44       2.31      Beat    425
 ​​Dec.        0.97        1.21       0.82      Missed  -32.2
 31 2022                                                
 Sep. 30 2022  0.71        0.71       0.91      Beat    27​
 Jun. 30 2022  0.36        0.58       -1.11     Missed  -292.6
 Mar. 31 2022  0.09        0.55       0.10      Missed  -81.8
 This summary was machine generated April 24 at 12:50 GMT.  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)