Canadian Solar Inc. logo

CSIQ

Canadian Solar Inc.

$41.25

Earnings Summary

Revenue
$914.36Mn
Net Profits
$8.83Mn
Net Profit Margins
0.97%

Highlights

Revenue:

Canadian Solar Inc.’s revenue jumped 20.33% since last year same period to $914.36Mn in the Q3 2020. On a quarterly growth basis, Canadian Solar Inc. has generated 31.4% jump in its revenue since last 3-months.

Net Profits:

Canadian Solar Inc.’s net profit fell -84.86% since last year same period to $8.83Mn in the Q3 2020. On a quarterly growth basis, Canadian Solar Inc. has generated -57.13% fall in its net profits since last 3-months.

Net Profit Margins:

Canadian Solar Inc.’s net profit margin fell -87.42% since last year same period to 0.97% in the Q3 2020. On a quarterly growth basis, Canadian Solar Inc. has generated -67.37% fall in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Canadian Solar Inc. post its latest quarter earnings

EPS Estimate Current Quarter
0.31
EPS Estimate Current Year
0.31

Highlights

EPS Estimate Current Quarter:

Canadian Solar Inc.’s earning per share (EPS) estimates for the current quarter stand at 0.31 - a -37.43% fall from last quarter’s estimates.

EPS Estimate Current Year:

Canadian Solar Inc.’s earning per share (EPS) estimates for the current year stand at 0.31.

Key Ratios

Key ratios of the Canadian Solar Inc. post its Q3 2022 earnings

Earning Per Share (EPS)
1.12
Return on Assets (ROA)
0.02
Return on Equity (ROE)
0.12

Highlights

Earning Per Share (EPS):

Canadian Solar Inc.’s earning per share (EPS) jumped 166.67% since last year same period to 1.12 in the Q3 2022. This indicates that the Canadian Solar Inc. has generated 166.67% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Canadian Solar Inc.’s return on assets (ROA) stands at 0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Canadian Solar Inc.’s return on equity (ROE) stands at 0.12.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2021-12-31
0.33
0.17
-48.48%
2021-03-31
0.41
0.36
-12.2%
2021-06-30
-0.3
0.18
160%
2021-09-30
0.18
0.42
133.33%

Company Information

Canadian Solar was founded in 2001 in Canada and is one of the world's largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 19 years, Canadian Solar has successfully delivered over 52 GW of premium-quality, solar photovoltaic modules to customers in over 150 countries. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 5.7 GWp in over 20 countries across the world. Currently, the Company has around 500 MWp of projects in operation, over 5 GWp of projects under construction or in backlog (late-stage), and an additional 15 GWp of projects in pipeline (mid- to early- stage). Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006.

Organisation
Canadian Solar Inc.
Headquarters
545 Speedvale Avenue West, Guelph, ON, Canada, N1K 1E6
Employees
13535
Industry
Producer Manufacturing
CEO
Xiaohua Qu

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