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

JinkoSolar Holding

29/04/2024 21:00

* JinkoSolar Holding Co Ltd  JKS.N  reported quarterly
adjusted
earnings of 57 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $2.31.  The mean expectation of four analysts for the
quarter was for a loss of 76 cents per share. Wall Street
expected results to range from $-1.08 to -44 cents per share.
    * Revenue fell 6% to $3.19 billion from a year ago; analysts
expected $3.25 billion. 
    * JinkoSolar Holding Co Ltd's reported EPS for the quarter
was 74
cents​.
    * The company reported quarterly net income of $84.4
million.
    * JinkoSolar Holding Co Ltd shares had fallen by 4.2% this
quarter and lost 34.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 151.8% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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 $26.50 
This summary was machine generated from LSEG data April 29 at
08:00 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
 Mar. 31 2024      -0.76          0.57           Beat
 Dec. 31 2023      2.50           1.21           Missed
 Sep. 30 2023      1.44           3.31           Beat
 Jun. 30 2023      1.65           3.52           Beat