* JinkoSolar Holding Co Ltd reported quarterly adjusted earnings of 11 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $3.31. The mean expectation of four analysts for the quarter was for a loss of 29 cents per share. Wall Street expected results to range from -80 cents to 70 cents per share.
* Revenue fell 20% to $3.49 billion from a year ago; analysts expected $3.20 billion.
* JinkoSolar Holding Co Ltd's reported EPS for the quarter was 6 cents.
* The company reported quarterly net income of $3.21 million.
* JinkoSolar Holding Co Ltd shares had fallen by 9.9% this quarter and lost 34.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 131.8% 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 1 "strong buy" or "buy," 4 "hold" and 3 "sell" or "strong sell."
* The average consensus recommendation for the renewable energy equipment & services peer group is also "hold"
Wall Street's median 12-month price target for JinkoSolar Holding Co Ltd is 23.50 This summary was machine generated from LSEG data October 30 at 03:12 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
Sep. 30 2024 -0.29 0.11 Beat
Jun. 30 2024 0.17 0.99 Beat
Mar. 31 2024 -0.76 0.57 Beat
Dec. 31 2023 2.50 1.21 Missed
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.