-=Canadian Solar (CSIQ) reported earnings on Thur 15 Aug 2019 (b/o)

Canadian Solar beats by $0.42, beats on revs; reaffirms FY19 revs guidance; Q2 shipments above guidance; raises FY19 shipment guidance

Reports Q2 (Jun) earnings of $0.77 per share, excluding non-recurring items, $0.42 better than the S&P Capital IQ Consensus of $0.35; revenues rose 59.4% year/year to $1.04 bln vs the $0.99 bln S&P Capital IQ Consensus.

Total solar module shipments in the second quarter of 2019 were 2,143 MW, compared to 1,575 MW in the first quarter of 2019 and second quarter 2019 guidance of 1.95 GW to 2.05 GW. Total solar module shipments in the second quarter of 2019 included 65 MW shipped to the Company's utility-scale solar power projects. Module shipments recognized in revenue in the second quarter of 2019 totaled 2,376 MW, compared to 1,423 MW in the first quarter of 2019 and 1,454 MW in the second quarter of 2018.For the full year 2019, the Company now raises its guidance for total module shipments to the range of approximately 8.4 GW to 8.5 GW from the previous guidance of 7.4 GW to 7.8 GW.

Co issues downside guidance for Q3, sees Q3 revs of $780-810 mln vs. $1.03 bln S&P Capital IQ Consensus.  For the third quarter of 2019, the Company expects total solar module shipments to be in the range of 2.2 GW to 2.3 GW, including approximately 160 MW of shipments to the Company's utility-scale solar power projects that may not be recognized as revenue in the third quarter of 2019. The aforementioned revenue forecast does not include the potential sales of a project that may be completed in the third quarter. If the transaction is closed in time, total revenue for the third quarter is expected to be in the range of $970 mln to $1 bln and gross margin between 27% and 29%.

Coreaffirms guidancefor FY19, sees FY19 revs of $3.5-3.8 bln vs. $3.72 bln S&P Capital IQ Consensus.  For the full year 2019, the Company now raises its guidance for total module
shipments to the range of approximately 8.4 GW to 8.5 GW from the previous guidance of 7.4 GW to 7.8 GW.

Earnings this week : Aug 12 - 16, 19 (wk 33)

Notable earnings reports:

• Barrick Gold (NYSE:GOLD), Sysco (NYSE:SYY), on August 12;
• JD.com (NASDAQ:JD), Tilray (NASDAQ:TLRY),  Grocery Outlet (GO), Huya (HUYA) and Brinker International on August 13; 
•  Myriad Genetics (MYGN), Sundial Growers (SNDL), Canada Goose (GOOS), Cisco Systems (NASDAQ:CSCO), Macy's (NYSE:M), Agilent Technologies (NYSE:A), Luckin Coffee (NASDAQ:LK), Canopy Growth (CGC)
   and Tencent (OTCPK:TCEHY) on August 14; 
• Tapestry (TPR), Nvidia (NASDAQ:NVDA), Alibaba (BABA) and Wal-Mart (WMT), Briggs & Stratton (BGG), Canadian Solar (CSIQ), PagSeguro Digital (PAGS),  Applied Materials (NASDAQ:AMAT), Nio (NYSE:NIO) and Madison Square Garden (NYSE:MSG) on August 15; 
• Deere (NYSE:DE) on August 16.

=Canadian Solar (CSIQ) reported earnings on Tue 14 Aug 2018 (b/o)

Canadian Solar beats by $0.02, misses on revs; guides Q3 revs below consensus; lowers FY18 solar module guidance 

• Reports Q2 (Jun) earnings of $0.26 per share, $0.02 better than the Capital IQ Consensus of $0.24; revenues fell 6.1% year/year to $650.1 mln vs the $711.53 mln Capital IQ Consensus. Solar module shipments were 1,700 MW, including 246 MW shipped to the Company's own solar projects not recognized into revenue in the quarter (guidance called for 1.50-1.60 GW).
• Co issues downside guidance for Q3, sees Q3 revs of $790-840 mln vs. $1.11 bln Capital IQ Consensus Estimate.
• For the third quarter of 2018, the Company expects total solar module shipments to be in the range of 1.5 GW to 1.6 GW, including approximately 210 MW of shipments to the Company's utility-scale, solar power projects that may not be recognized as revenue in third quarter 2018.
• Given global market changes following the new policy announcement in China effective on May 31, 2018 and the policy and market changes in other key markets, the Company is updating its full year 2018 total module shipment guidance to be in the range of 6.0 GW to 6.2 GW, compared to 6.6 GW to 7.1 GW previously.

Earnings this week : Aug 13 - 17, 18 (wk 33)

Earnings confirmed to report this week:

Monday (August 13)

• Morning: CNNE  JKS  SYY TSG  
• Afternoon: AG  HUYA  SWCH TDW VERI  VIPS YY 

Tuesday (Aug 14)

• Morning: AAP ARRY BZUN CAE CDK CSIQ  CVIA EAT EYE GDS HD MMYT TPR 
• Afternoon: A CASA CDLX CGC CREE DDS FENG HOLI MYGN PETQ VIAV  WPM

Wednesday (Aug 15)

• Morning: LXFT M MSGN  PFGC
• Afternoon: BGG CACI CSCO NTAP SPTN

Thursday (Aug 16)

• Morning: DESP JCP JD MSG QIWI WMT   WUBA
• Afternoon: AMAT ATGE  JWN  NVDA  ZOES

Friday (Aug 17)

• Morning: DE

====Canadian Solar (CSIQ) reported earnings on Wed 11 May 2016 (b/o)

Canadian Solar beats by $0.21, beats on revs; guides Q2 revs above consensus; guides FY16 revs above consensus :

• Reports Q1 (Mar) earnings of $0.39 per share, $0.21 better than the Capital IQ Consensus of $0.18; revenues fell 16.2% year/year to $721.4 mln vs the $662.89 mln Capital IQ Consensus. Total solar module shipments were 1,198 MW, of which 1,172 MW were recognized in revenue, compared to 1,398 MW recognized in revenue in the fourth quarter of 2015, and first quarter shipment guidance in the range of 1,085 MW to 1,135 MW.
• Co issues upside guidance for Q2, sees Q2 revs of $710-760 mln vs. $700.77 mln Capital IQ Consensus Estimate. Guidance: For the second quarter of 2016, the Company expects total module shipments to be in the range of ~1,200 MW to 1,250 MW, including ~30 MW of shipments to the Company's utility-scale solar projects that may not be recognized in second quarter 2016 revenue.
• Co issues raised guidance for FY16, sees FY16 revs of $3.2-3.6 bln from $2.9-3.1 bln vs. $3.16 bln Capital IQ Consensus Estimate. For the full year 2016, the Company maintains its guidance for total module shipments to be in the range of ~5.4 GW to 5.5 GW, with ~5.0 GW recognized in revenue.

=Canadian Solar (CSIQ) reported earnings on Thur 10 March 2016 (b/o)

Canadian Solar beats by $0.32, beats on revs; guides Q1 and FY16 rev below consensus :

• Reports Q4 (Dec) earnings of $1.05 per share, $0.32 better than the Capital IQ Consensus of $0.73; revenues rose 17.2% year/year to $1.12 bln vs the $1.03 bln Capital IQ Consensus. 
  • Total solar module shipments were a quarterly record high of 1,430 MW, of which 1,398 MW were recognized in revenue, compared to 1300-1350 mW guidance and  1,150 MW recognized in revenue in Q3.
• Co issues guidance for Q1, sees Q1 revs of $645-695 mln vs. $799.90 mln Capital IQ Consensus Estimate.
  • Company expects total module shipments to be in the range of ~1,085 MW to 1,135 MW, including ~15 MW of shipments to the Company's utility-scale solar projects that may not be recognized in first quarter 2016 revenue. Gross margin expected to be between 12% and 14%.
• Co issues guidance for FY16, sees FY16 revs of $2.9-3.1 bln vs. $3.37 bln Capital IQ Consensus Estimate.
  • For the full year 2016, the Company expects total module shipments to be in the range of ~5.4 GW to 5.5 GW, with ~5.0 GW recognized in revenue. The Company expects its cost of production to decrease throughout the year as new internal wafer, cell module capacities come online both inside and outside China, and the percentage of external purchase and OEM is reduced. Management expects that the increase in vertical integration along the manufacturing steps will help the Company maintain or improve its gross margin.

Canadian Solar (CSIQ) reported earnings Wed 15 Aug 2012

** charts after earnings **
Canadian Solar Inc. (CSIQ, $2.71, -$0.34, -11.02%) swung to a second-quarter loss as lower selling prices continued to damp results from the solar panel and equipment maker. Like many of its rivals in the solar industry, Canadian Solar has struggled to gain ground in the face of weaker demand from key European markets and a glut of global supply.

** weekly **