First Solar (FSLR) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - First Solar is expected to report a year-over-year increase in earnings and revenues for the quarter ended June 2024, with the stock price likely influenced by how actual results compare to consensus estimates [1][2]. Earnings Expectations - The consensus estimate for First Solar's quarterly earnings is $2.67 per share, reflecting a year-over-year increase of +44.3% [2]. - Expected revenues for the quarter are $946.22 million, which is a 16.7% increase from the same quarter last year [2]. Estimate Revisions - The consensus EPS estimate has been revised 0.6% higher in the last 30 days, indicating a positive reassessment by analysts [2]. - The Most Accurate Estimate for First Solar is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.08% [5]. Earnings Surprise Prediction - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [4]. - First Solar currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [5][6]. Historical Performance - In the last reported quarter, First Solar exceeded the expected earnings of $1.90 per share by delivering $2.20, resulting in a surprise of +15.79% [7]. - The company has beaten consensus EPS estimates in all of the last four quarters [7]. Conclusion - First Solar is positioned as a compelling candidate for an earnings beat, although investors should consider other factors that may influence stock performance [8].