It has been about a month since the last earnings report for Canadian Solar (CSIQ). Shares have lost about 20.9% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Canadian Solar due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
The consensus estimate has shifted -237.5% due to these changes.
VGM Scores
Currently, Canadian Solar has a poor Growth Score of F, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Canadian Solar has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
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Canadian Solar Inc. (CSIQ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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