JinkoSolar Holding Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-01

JinkoSolar Holding (NYSE:JKS) Third Quarter 2024 Results Key Financial Results Revenue: CN¥24.5b (down 23% from 3Q 2023). Net income: CN¥22.5m (down 98% from 3Q 2023). Profit margin: 0.1% (down from ...

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The decrease in margin was driven by lower revenue.NYSE:JKS Earnings and Revenue Growth November 1st 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 9.1%. Earnings per share  also surpassed analyst estimates.Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.The company's shares are up 13% from a week ago.You still need to take note of risks, for example - JinkoSolar Holding has   5 warning signs   we think you should be aware of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"JKS":"晶科能源"},"translate_title":"晶科能源控股2024年第三季度盈利：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JKS":1},"content_text":"JinkoSolar Holding (NYSE:JKS) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: CN¥24.5b (down 23% from 3Q 2023).\nNet income: CN¥22.5m (down 98% from 3Q 2023).\nProfit margin: 0.1% (down from 4.2% in 3Q 2023). The decrease in margin was driven by lower revenue.\nEPS: CN¥0.44 (down from CN¥25.66 in 3Q 2023).\n\n\n\n\n  NYSE:JKS Earnings and Revenue Growth November 1st 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nJinkoSolar Holding Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) also surpassed analyst estimates. \n Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US. \nPerformance of the American Semiconductor industry.\n The company's shares are up 13% from a week ago. \nRisk Analysis\n You still need to take note of risks, for example - JinkoSolar Holding has   5 warning signs   we think you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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