雅虎香港財經 First Solar (FSLR) Rises As Market Takes a Dip: Key Facts
In the latest trading session, First Solar (FSLR) closed at $261.29, marking a +0.93% move from the previous day. This move outpaced the S&P 500's daily loss of 0.31%. Elsewhere, the Dow gained 0.67%, while the tech-heavy Nasdaq lost 1.09%.
Shares of the largest U.S. solar company witnessed a loss of 6.46% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 4.31% and the S&P 500's gain of 2.73%.
Analysts and investors alike will be keeping a close eye on the performance of First Solar in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.81, signifying a 51.89% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $980.77 million, up 20.98% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $13.59 per share and revenue of $4.53 billion, indicating changes of +75.58% and +36.37%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for First Solar. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.32% increase. First Solar presently features a Zacks Rank of #3 (Hold).
Digging into valuation, First Solar currently has a Forward P/E ratio of 19.06. This expresses a premium compared to the average Forward P/E of 11.23 of its industry.
It's also important to note that FSLR currently trades at a PEG ratio of 0.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Solar stocks are, on average, holding a PEG ratio of 0.47 based on yesterday's closing prices.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 214, placing it within the bottom 16% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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First Solar, Inc. (FSLR) : Free Stock Analysis Report
