* JinkoSolar Holding Co Ltd reported quarterly adjusted earnings of 57 cents per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $2.31. The mean expectation of four analysts for the quarter was for a loss of 76 cents per share. Wall Street expected results to range from $-1.08 to -44 cents per share.
* Revenue fell 6% to $3.19 billion from a year ago; analysts expected $3.25 billion.
* JinkoSolar Holding Co Ltd's reported EPS for the quarter was 74 cents.
* The company reported quarterly net income of $84.4 million.
* JinkoSolar Holding Co Ltd shares had fallen by 4.2% this quarter and lost 34.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 151.8% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and 2 "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 $26.50 This summary was machine generated from LSEG data April 29 at 08:00 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
Mar. 31 2024 -0.76 0.57 Beat
Dec. 31 2023 2.50 1.21 Missed
Sep. 30 2023 1.44 3.31 Beat
Jun. 30 2023 1.65 3.52 Beat
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