JinkoSolar Holding Co Ltd reports results for the quarter ended in December - Earnings Summary

JinkoSolar Holding

20/03/2024 13:32

* JinkoSolar Holding Co Ltd  JKS.N  reported quarterly
adjusted
earnings of $1.21​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 82 cents.  The mean expectation of four analysts
for the quarter was for earnings of $2.50 per share. Wall Street
expected results to range from $2.24  to $2.93 per share.
    * Revenue rose 4.9% to $4.62 billion from a year ago;
analysts
expected $4.28 billion. 
    * JinkoSolar Holding Co Ltd's reported EPS for the quarter
was 8
cents​.
    * The company reported quarterly net income of $4.13
million.
    * JinkoSolar Holding Co Ltd shares had fallen by 28.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
energy
equipment & services peer group is also "hold"

Wall Street's median 12-month price target for JinkoSolar
Holding Co Ltd is $30.50 
This summary was machine generated from LSEG data March 20 at
01:31 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
 Dec. 31 2023      2.50           1.21           Missed
 Sep. 30 2023      1.44           3.31           Beat
 Jun. 30 2023      1.65           3.52           Beat
 Mar. 31 2023      0.44           2.31           Beat