First Solar (FSLR) Declines More Than Market: Some Information for Investors

Company Performance - First Solar's stock closed at $162.44, down 1.61%, which is less than the S&P 500's daily loss of 0.33% [1] - Over the past month, First Solar's stock has decreased by 1.63%, underperforming the Oils-Energy sector's gain of 4.04% and the S&P 500's gain of 4.07% [1] Upcoming Earnings - First Solar is projected to report earnings of $2.65 per share, reflecting a year-over-year decline of 18.46% [2] - The consensus estimate for revenue is $1.02 billion, indicating a 1.18% increase compared to the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $14.73 per share and revenue at $4.97 billion, representing increases of +22.55% and +18.2% from the prior year, respectively [3] - Recent changes to analyst estimates for First Solar indicate a positive outlook, with revisions reflecting optimism about the business and profitability [3] Valuation Metrics - First Solar has a Forward P/E ratio of 11.21, which is a discount compared to the industry average Forward P/E of 16.34 [6] - The company has a PEG ratio of 0.33, while the average PEG ratio for the Solar industry is 0.61 [6] Industry Context - The Solar industry is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 67, placing it in the top 28% of over 250 industries [7] - The Zacks Industry Rank assesses the strength of industry groups, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [7]