CSIQ Earnings Prediction
The chart below shows how CSIQ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CSIQ sees a -0.06% change in stock price 10 days leading up to the earnings, and a -1.99% change 10 days following the report. On the earnings day itself, the stock moves by -0.10%. This data can give you a slight idea of what to expect for the next quarter's release.
CSIQ Key Earning Data
2024/Q4
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CSIQ Earnings Analysis
Canadian Solar Inc. Common Shares (ON) Corporation (CSIQ.O) Earnings Conference Call
Positive
Solar and Energy Storage Shipment: In the third quarter, we shipped 8.4 gigawatts of solar modules and 1.8 gigawatt hours of battery and energy storage solutions.
Revenue and Gross Margin: Revenue totaled US $1.5 billion and gross margin surpassed guidance at 16.4%.
Operating Income Achievement: CSI Solar delivered an operating income of $111 million.
Significant Investment Milestone: We successfully closed the previously announced $500 million investment from BlackRock, marking an important milestone.
Solar Module Shipment Forecast: We anticipate solar module shipments by CSI Solar to be in a range of 8 to 8.5 gigawatts, including approximately 500 megawatts for our own projects.
Negative
Revenue and Gross Margin: Revenue totaled US $1.5 billion and gross margin surpassed guidance at 16.4%.
Gross Margin Contraction: Gross margin contracted by 80 basis points quarter over quarter, primarily reflecting lower third party battery energy storage volumes and reduced module margins.
Quarterly Operating Expenses: Operating expenses for the quarter totaled $247 million.
Net Loss Reported: We reported a total net loss of $6 million, while the net loss attributable to Canadian Solar was $14 million or $0.31 per diluted share.
Record Backlog Achievement: We have now grown our backlog to a record $3.2 billion as of November 30.
CSIQ FAQs
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CSIQ Earning Call Sentiment
Canadian Solar (CSIQ) Q3 2024 Earnings Call Transcript
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CSIQ.O
4.15%Positive
The earnings call reveals a decline in revenue and net loss, compounded by logistics disruptions and economic uncertainties. Despite investment in U.S. manufacturing, the market's reaction may be negative due to increased debt and project delays. The Q&A section highlights concerns over tariffs and unclear management responses, further impacting sentiment. Given the company's small market cap, the stock is likely to see a negative reaction in the range of -2% to -8% over the next two weeks.