First Solar (NASDAQ:FSLR) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.25-2.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.91. The company issued revenue guidance of $3.25-3.45 billion, compared to the consensus revenue estimate of $3.02 billion.
Shares of FSLR opened at $42.45 on Wednesday. The company has a quick ratio of 4.14, a current ratio of 4.48 and a debt-to-equity ratio of 0.09. First Solar has a one year low of $36.51 and a one year high of $81.72. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.75 and a beta of 1.32.
First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Thursday, October 25th. The solar cell manufacturer reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.09. First Solar had a negative net margin of 17.98% and a positive return on equity of 1.29%. The business had revenue of $676.22 million during the quarter, compared to analyst estimates of $683.93 million. Sell-side analysts predict that First Solar will post 1.51 EPS for the current fiscal year.
About First Solar
First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators.
See Also: Liquidity
Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.