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Canadian Solar (CSIQ) Reports Q4 Loss, Lags Revenue Estimates

CSIQ
Corporate EarningsCompany FundamentalsAnalyst EstimatesRenewable Energy Transition

Canadian Solar reported a quarterly loss of $1.66 per share versus the Zacks consensus loss of $1.10, missing estimates by $0.56 and widening from a year-ago loss of $1.47. The sizable earnings miss signals continued profitability pressure in the solar business and is likely to weigh on CSIQ equity in the near term.

Analysis

Canadian Solar reported a quarterly loss of $1.66 per share versus the Zacks consensus loss of $1.10, missing estimates by $0.56 and widening from a year-ago loss of $1.47. The sizable earnings miss signals continued profitability pressure in the solar business and is likely to weigh on CSIQ equity in the near term.

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Market Sentiment

Overall Sentiment

strongly negative

Sentiment Score

-0.60

Ticker Sentiment

CSIQ-0.80