For the second quarter SunPower reported earnings of 28 cents a share and revenue of $621.1 million. Analysts surveyed by Thomson Reuters expected earnings of 25 cents a share and revenue of $623.54 million for the quarter.
SunPower said it expects earnings of 15 cents to 35 cents a share and revenue of $600 million to $650 million for the third quarter. Both midpoints are below analysts' expectations of earnings of 29 cents a share and $636.8 million in revenue.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income has significantly decreased by 571.9% when compared to the same quarter one year ago, falling from -$91.80 million to -$616.80 million.
- The gross profit margin for SUNEDISON INC is rather low; currently it is at 19.98%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -112.86% is significantly below that of the industry average.
- Net operating cash flow has significantly decreased to -$215.20 million or 81.45% when compared to the same quarter last year. Despite a decrease in cash flow of 81.45%, SUNEDISON INC is in line with the industry average cash flow growth rate of -89.41%.
- SUNEDISON INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, SUNEDISON INC reported poor results of -$2.39 versus -$0.65 in the prior year. This year, the market expects an improvement in earnings (-$0.69 versus -$2.39).
- Compared to its closing price of one year ago, SUNE's share price has jumped by 119.97%, exceeding the performance of the broader market during that same time frame. Regarding the future course of this stock, we feel that the risks involved in investing in SUNE do not compensate for any future upside potential, despite the fact that it has seen nice gains over the past 12 months.
- You can view the full analysis from the report here: SUNE Ratings Report