Canadian Solar Inc reports results for the quarter ended June 30 - Earnings Summary
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Canadian Solar Inc reported a quarterly adjusted loss of 8 cents per share for the quarter ended June 30, missing analysts' expectations of $1.61 per share. Revenue increased by 3.6% to $1.69 billion, below the anticipated $1.95 billion. The average analyst rating is "hold," with a median 12-month price target of $12.50, slightly below the last closing price of $12.75. The company's shares rose 15.5% this quarter and 14.7% year-to-date.
- Canadian Solar Inc (CSIQ.OQ) reported a quarterly adjusted loss of 8 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of nine analysts for the quarter was for earnings of $1.61 per share. Wall Street expected results to range from $1.09 to $2.55 per share.
- Revenue rose 3.6% to $1.69 billion from a year ago; analysts expected $1.95 billion.
- Canadian Solar Inc’s reported EPS for the quarter was a loss of 8 cents.
- Canadian Solar Inc shares had risen by 15.5% this quarter and gained 14.7% so far this year. FORECAST CHANGES
- The mean earnings estimate of analysts was unchanged in the last three months.
- In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. RECOMMENDATIONS
- The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 4 “strong buy” or “buy,” 3 “hold” and 3 “sell” or “strong sell.” The average consensus recommendation for the renewable energy equipment & services peer group is “buy.”
- Wall Street’s median 12-month price target for Canadian Solar Inc is $12.50, about 2% below its last closing price of $12.75 This summary was machine generated from LSEG data August 21 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2025 1.61 -0.08 Missed
Mar. 31 2025 -1.10 -1.07 Beat
Dec. 31 2024 0.11 -1.47 Missed
Sep. 30 2024 -0.17 -0.21 Missed
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