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JinkoSolar Holding Co., Ltd. JKS is expected to report fourth-quarter 2024 results on March 26, before the opening bell.
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In the last reported quarter, the company delivered an earnings surprise of 136.25%. JinkoSolar has a trailing four-quarter average earnings surprise of 529.26%.
Factors to Note
Healthy module shipment, particularly to the United States, Europe and China, backed by increasing solar demand, is expected to have contributed favorably to the company’s fourth-quarter revenues. However, demand volatility in some overseas markets is expected to have hurt module exports for JKS, thereby affecting its overall quarterly revenues to some extent.
Additionally, the ongoing decline in the average selling price of modules might have resulted in lower revenues from module sales on a year-over-year basis.
The Zacks Consensus Estimate for JKS’ fourth-quarter revenues is pegged at $3.59 billion, indicating a decline of 22.5% from the year-ago quarter’s reported figure.
JinkoSolar Holding Company Limited Price and EPS Surprise
JinkoSolar Holding Company Limited price-eps-surprise | JinkoSolar Holding Company Limited Quote
The declining average selling price of solar modules is expected to have negatively impacted the company's gross margin. This, along with dismal revenue expectations, higher interest expenses as well as increased shipping costs due to higher shipments of solar modules, is likely to have adversely impacted JKS’ overall bottom-line performance.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at a loss of 46 cents per share, indicating a deterioration from the year-ago quarter’s reported earnings of $1.21.
Product-wise, JinkoSolar’s upcoming results are expected to reflect solid sales of its Tiger Neo panel. During the quarter, JKS launched its next generation top-con technology solar panel — the Tiger Neo 3.0. We expect more updates on how this product influenced the company’s quarterly results, set to be reported on March 26.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for JinkoSolar this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is not the case here.
Earnings ESP: JKS’ Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: JinkoSolar currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.