JinkoSolar Holding Co Ltd reports results for the quarter ended in June 30 - Earnings Summary

JinkoSolar Holding

30/08/2024 14:31

* JinkoSolar Holding Co Ltd  JKS.N  reported quarterly
adjusted
earnings of 99 cents​​ per share for the quarter ended June 30,
lower than the same quarter last year, when the company reported
EPS of $3.52.  The mean expectation of four analysts for the
quarter was for earnings of 17 cents per share. Wall Street
expected results to range from -35 cents to 80 cents per share.
    * Revenue fell 21.8% to $3.31 billion from a year ago;
analysts
expected $3.91 billion. 
    * JinkoSolar Holding Co Ltd's reported EPS for the quarter
was a
loss of 27 cents​.
    * The company reported a quarterly loss of $13.85 million.
    * JinkoSolar Holding Co Ltd shares had fallen by 12.6% this
quarter and lost 51.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.6%
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 1 "strong buy" or "buy," 4
"hold" and 3 "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 25.00 
This summary was machine generated from LSEG data August 30 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
 Jun. 30 2024      0.17           0.99           Beat
 Mar. 31 2024      -0.76          0.57           Beat
 Dec. 31 2023      2.50           1.21           Missed
 Sep. 30 2023      1.44           3.31           Beat