JinkoSolar (NYSE: JKS) reported Q3 EPS of $0.86, $0.03 better than the analyst estimate of $0.83. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.01 billion.

Fourth Quarter and Full Year 2019 Guidance:

The Company's business outlook is based on management's current views and estimates with respect to market conditions, production capacity, the Company's order book and the global economic environment. This outlook is subject to uncertainty on final customer demand and sale schedules. Management's views and estimates are subject to change without notice.

For the fourth quarter of 2019, the Company does not expect the benefit of Anti-dumping ("ADD") and Countervailing Duty ("CVD") and expects total solar module shipments to be in the range of 4.2 GW to 4.4 GW. Total revenue for the fourth quarter is expected to be in the range of US$11.7 billion to US$12.3 billion. Gross margin for the fourth quarter is expected to be between 18.5% and 20.5%.

For the full year 2019, the Company estimates total solar module shipments to be in the range of 14.0 GW to 14.2 GW.

Full Year 2020 Guidance

Solar Module Shipments

Total solar module shipments for the full year of 2020 would be in the range of 18.0 GW to 20.0 GW

Solar Products Production Capacity

JinkoSolar expects its annual silicon wafer, solar cell and solar module production capacity to reach 20.0 GW (including 18.0 GW of mono wafers), 10.6 GW (including 800 MW N-type cells) and 22.0 GW, respectively, by the end of 2020.

For earnings history and earnings-related data on JinkoSolar (JKS) click here.