First Solar, Inc. (FSLR) is Attracting Investor Attention: Here is What You Should Know

Core Viewpoint - First Solar (FSLR) has shown strong stock performance recently, outperforming the S&P 500 and the broader solar industry, raising questions about its future direction [1] Earnings Estimates Revisions - First Solar is expected to report earnings of $2.32 per share for the current quarter, reflecting a year-over-year increase of +480%, although the Zacks Consensus Estimate has decreased by -9.9% over the last 30 days [2] - For the current fiscal year, the consensus earnings estimate is $13.66, indicating a +76.5% change from the previous year, with a slight increase of +2.2% in the last month [3] - The next fiscal year's consensus earnings estimate is $21.17, showing a +55% change year-over-year, with a +3% increase in the past month [3] Revenue Growth Projections - The consensus sales estimate for the current quarter is $899.86 million, representing a +64.1% year-over-year change [5] - For the current fiscal year, revenue estimates are $4.5 billion, indicating a +35.7% change, while the next fiscal year's estimate of $5.68 billion reflects a +26.1% change [5] Recent Performance and Surprise History - In the last reported quarter, First Solar achieved revenues of $1.16 billion, a +15.6% year-over-year increase, and an EPS of $3.25 compared to -$0.07 a year ago [6] - The company reported revenues that were -11.66% below the Zacks Consensus Estimate, while the EPS exceeded estimates by +1.88% [6] - Over the last four quarters, First Solar surpassed consensus EPS estimates three times but only exceeded revenue estimates once [7] Valuation Metrics - First Solar's valuation is assessed through various multiples, including price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to determine if the stock is fairly valued [8] - The Zacks Value Style Score grades First Solar as B, indicating it is trading at a discount compared to its peers [9] Conclusion - The information presented suggests that First Solar may perform in line with the broader market in the near term, as indicated by its Zacks Rank 3 [10]