LDK Solar Third Quarter Earnings Sneak Peek

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LDK Solar Co., Ltd (ADR) (NYSE:LDK) will unveil its latest earnings on Monday, December 3, 2012. LDK Solar is a solar module manufacturer. The company sells multicrystalline and monocrystalline wafers globally to manufacturers of solar cells and modules.

LDK Solar Co., Ltd (ADR) Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of $1.30 per share, a wider loss from the year-earlier quarter net loss of 51 cents. During the past three months, the average estimate has moved up from a loss of $1.31. Between one and three months ago, the average estimate moved up. It has been unchanged at a loss of $1.30 during the last month.

Past Earnings Performance: Last quarter, the company fell short of estimates by 2 cents, coming in at net loss of $1.84 per share against a mean estimate of a loss of $1.43. The company topped expectations in the first quarter.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 47.8% in revenue from the year-earlier quarter to $246.4 million.

Analyst Ratings: There are mostly holds on the stock with three of five analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 0.45 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations. The company regressed in this liquidity measure from 0.47 in the first quarter to the last quarter driven in part by a decrease in current assets. Current assets decreased 5.4% to $2.02 billion while liabilities rose by 0.6% to $4.52 billion.

Revenue remained stable at $235.4 million.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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