JinkoSolar (JKS) Tops Q4 EPS Expectations; Issues Q1, FY16 Outlook
JinkoSolar (NYSE: JKS) reported Q4 EPS of $2.44, $1.16 better than the analyst estimate of $1.28. Revenue for the quarter came in at $937.7 million versus the consensus estimate of $712.77 million.
Total solar module shipments were 1,709.9 megawatts ("MW"), which includes 92.7 MW to be used in the Company's downstream projects. Total solar module shipments increased 50.7% from 1,134.9 MW in the third quarter of 2015 and 58.6% from 1,078.3 MW in the fourth quarter of 2014.
First Quarter and Full Year 2016 Guidance
For the first quarter of 2016, the Company estimates total solar module shipments to be in the range of 1.3 GW to 1.4 GW, which includes 1.2 GW to 1.3 GW module shipments to third parties. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP.
For the full year 2016, the Company estimates total solar module shipments to be in the range of 6 GW and 6.5 GW which includes 5.4 GW to 5.7 GW module shipments to third parties. Full year newly-added solar power project development scale is expected to be in the range of 600 MW to 800 MW.
For earnings history and earnings-related data on JinkoSolar (JKS) click here.