JinkoSolar (JKS) To Report Q4 Earnings: What's In Store?
Zacks Investment Research | Mar 10, 2020 10:31PM ET
JinkoSolar Holding Company Limited (NYSE:JKS) is scheduled to report fourth-quarter and 2019 results on Mar 13, before market open.
In the last reported quarter, the company delivered a negative earnings surprise of 18.75%. The company’s bottom line missed the Zacks Consensus Estimate in each of the trailing four quarters, the average negative surprise being 36.68%.
Let's see how things have shaped up prior to this announcement.
Factors at Play
Backed by rapidly increasing demand for solar products, JinkoSolar has been witnessing a significant increase in shipment of its products. The fourth quarter was also no exception. The company witnessed solid shipment along with an enhancement in its production capacity.
Notably, during the fourth quarter, JinkoSolar delivered 950 MW of its ultra-high efficiency Cheetah 72 cells solar modules to Spain-based X-ELIO. Also, the company supplied 300 MW of its high-energy density Tiger panels for an ultra-high voltage demonstration plant in China.
JinkoSolar Holding Company Limited Price and EPS Surprise
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