JinkoSolar Holding Co(NYSE:JKS) stock fell by 3.63% on Thursday after the company reported its Q2 earnings results on Wednesday, September 15, 2021 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
JinkoSolar Holding Co beat their estimated earnings by 656.25%, which surprised analysts.
Revenue was up $32,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17, which was followed by a 13.58% increase in the share price the next day.
Here’s a look at JinkoSolar Holding Co’s past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|---|
| EPS Estimate | -0.16 | -0.02 | 0.15 | 0.85 | 0.61 |
| EPS Actual | 0.89 | 0.15 | 0.11 | 1.06 | 1.20 |
| Price Change % | -3.63% | 13.58% | -0.54% | 6.96% | -1.88% |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
JinkoSolar Holding Co earnings and revenue guidance hasn’t been issued for now.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
