First Solar (FSLR) Issues FY18 Earnings Guidance

First Solar (NASDAQ:FSLR) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $1.25-1.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.22. The company issued revenue guidance of $2.3-2.5 billion, compared to the consensus revenue estimate of $2.39 billion.

Several research firms recently commented on FSLR. Cowen reiterated a buy rating and issued a $57.00 target price on shares of First Solar in a research note on Sunday, September 3rd. Roth Capital restated a buy rating and set a $60.00 price target on shares of First Solar in a research note on Tuesday, September 26th. Robert W. Baird restated a hold rating and set a $53.00 price target on shares of First Solar in a research note on Friday, October 27th. Needham & Company LLC restated a buy rating and set a $65.00 price target on shares of First Solar in a research note on Friday, December 1st. Finally, JMP Securities restated an outperform rating and set a $50.00 price target (down from $67.00) on shares of First Solar in a research note on Tuesday, September 26th. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. First Solar currently has an average rating of Buy and a consensus price target of $53.91.

First Solar (NASDAQ FSLR) opened at $61.21 on Wednesday. The company has a market capitalization of $5,980.88, a PE ratio of 14.04 and a beta of 2.03. First Solar has a 1-year low of $25.56 and a 1-year high of $63.10. The company has a quick ratio of 6.47, a current ratio of 6.85 and a debt-to-equity ratio of 0.06.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Thursday, October 26th. The solar cell manufacturer reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $1.11. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $859.22 million. First Solar had a positive return on equity of 8.07% and a negative net margin of 14.70%. First Solar’s revenue for the quarter was up 59.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 earnings per share. equities analysts forecast that First Solar will post 2.47 EPS for the current fiscal year.

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About First Solar

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

Earnings History and Estimates for First Solar (NASDAQ:FSLR)

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