Suntech Power Holdings First Quarter Earnings Sneak Peek

Suntech Power Holdings Co. Ltd. (NYSE:STP) will unveil its latest earnings on Wednesday, May 23, 2012. Suntech Power Holdings is a solar energy company. The company designs, develops, manufactures and markets a number of PV cells and modules, including a range of value-added building-integrated photovoltaics products.

Suntech Power Holdings Co. Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 48 cents per share, up from profit of 17 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from a loss of 27 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 48 cents during the last month.

Past Earnings Performance: Last quarter, the company fell short of estimates by 44 cents, coming in at net loss of 76 cents a share versus the estimate of a loss of 32 cents a share. It was the fourth straight quarter of missing estimates.

Investing Insights: What’s the Future of Microsoft’s Stock?

Wall St. Revenue Expectations: Analysts predict a decline of 53.5% in revenue from the year-earlier quarter to $408.2 million.

Analyst Ratings: Analysts seem relatively indifferent about Suntech Power Holdings with 11 of 18 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit remained level at $0.0 (0 cents a share) from the year earlier, missing analyst estimates. Revenue was unchanged at $0.0.

Key Stats:

Over the last four quarters, revenue has increased 22.7% on average year-over-year. The biggest increase came in the first quarter of the last fiscal year, when revenue rose 49.1% from the year earlier quarter.

Stock Price Performance: Between February 22, 2012 and May 17, 2012, the stock price fell $1.37 (-39.1%), from $3.50 to $2.13. The stock price saw one of its best stretches over the last year between January 31, 2012 and February 9, 2012, when shares rose for eight straight days, increasing 28.6% (+93 cents) over that span. It saw one of its worst periods between September 13, 2011 and September 23, 2011 when shares fell for nine straight days, dropping 35.6% (-$1.46) over that span.

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

Don’t Miss These Additional Hot Stories:

What are Hedge Funds Doing With Gold?

Is Starbucks Brewing Up Trouble With Its Alcoholic Drinks?>>

Will Facebook Measure Up to Titan Internet IPOs?>>