FSLR Earnings Prediction
The chart below shows how FSLR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FSLR sees a +2.81% change in stock price 10 days leading up to the earnings, and a +6.64% change 10 days following the report. On the earnings day itself, the stock moves by +0.18%. This data can give you a slight idea of what to expect for the next quarter's release.
FSLR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
887.67M
10.81%
-12.15%
Gross Margin
50.17%
6.84%
1.62%
Operating Margin
36.27%
6.52%
-1.73%
Net Margin
35.26%
5.25%
2.00%
EPS
2.91
16.40%
-10.46%
No Data Available
FSLR Earnings Analysis
First Solar, Inc. Corporation (FSLR.O) Earnings Conference Call
Positive
Net Bookings and Backlog: First Solar reported a year-to-date net bookings of 4 gigawatts, contributing to a total contracted backlog of 73.3 gigawatts, with orders stretching through 2030.
Record Production Achievement: The company achieved record production of 3.8 gigawatts in the quarter, demonstrating strong manufacturing capabilities despite challenges.
New Solar Manufacturing Facility: First Solar inaugurated its new $1.1 billion Alabama facility, which will add 3.5 gigawatts of vertically integrated solar manufacturing capacity when fully scaled.
Job Creation Impact: The company expects to support an estimated 30,000 direct, indirect, and induced jobs in the U.S. alone as a result of its expansion efforts.
Earnings Per Share Performance: First Solar's earnings per share for the third quarter were reported at $2.91, reflecting strong financial performance despite a $50 million product warranty charge.
Negative
Net Sales Decline: Net sales in the third quarter were $0.9 billion, a decrease of $0.1 billion compared to the second quarter.
Net Sales Decline: Decrease in net sales was driven by a 12% decrease in the volume of megawatts sold.
Warranty Charge Impact: Our financial results were impacted by a product warranty charge of $50 million due to manufacturing issues.
Gross Margin Improvement: Gross margin was 50% in the third quarter compared to 49% in the second quarter, primarily attributed to higher contract termination payments and a higher mix of modules sold from our US factories.
Operating Income Breakdown: Operating income was $322 million, which included depreciation, amortization, and accretion of $111 million, ramp cost of $25 million, production startup expense of $27 million, and share-based compensation expense of $7 million.
FSLR FAQs
How does FSLR typically perform around its earnings report dates?
Is First Solar, Inc. (FSLR) Q3 2024 Earnings Call Summary positive or negative?
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FSLR Earning Call Sentiment
First Solar, Inc. (FSLR) Q3 2024 Earnings Call Transcript
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FSLR.O
-5.27%Positive
The earnings call summary presents mixed signals. Financial performance shows a decrease in net sales and cash position, but gross margins improved slightly. Operational challenges and contract termination are concerning, yet optimistic guidance and R&D investments are positive. The Q&A highlights management's evasive responses on some issues, suggesting uncertainty. The absence of a shareholder return plan and market pressures in India further contribute to a neutral sentiment. Overall, the lack of a clear positive catalyst or significant negative impact supports a neutral stock price prediction over the next two weeks.
