Jinko Holdings Limited reports results for the quarter ended September 30 - Earnings Summary

• Jinko Holdings Limited reported a quarterly adjusted loss of 32 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-1.00. The mean expectation of five analysts for the quarter was for a loss of 97 cents per share. Wall Street expected results to range from $-1.56 to -21 cents per share.

• Revenue fell 10.5% to $2.03 billion from a year ago; analysts expected $2.42 billion.

• Jinko Holdings Limited's reported EPS for the quarter was a loss of 48 cents​.

• The company reported a quarterly loss of $25.36 million.

• Jinko Holdings Limited shares had fallen by 13.5% this quarter and lost 68.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 110.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the renewable energy equipment & services peer group is "buy."

• Wall Street's median 12-month price target for Jinko Holdings Limited is $16.00, about 48.6% above its last closing price of $8.23

This summary was machine generated from LSEG data October 30 at 04:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)