For 2015, the company expects to earn $4.50 to $6.00 per share on sales of $3.8 billion to $4.3 billion. Analysts had expected revenues of $4.25 billion, which is a good estimate, but they had only expected the company to earn $3.68 per share. That EPS estimate is now so low that it doesn't even fit into the company's range! In fact, the estimate would need to increase more than 22% just to come in at the low end of the company's range.
You can view the full Webcast here, for more details from the company: 2014 analyst meeting.
When the Street is wrong, stocks move violently. These numbers are certainly bullish from First Solar, but if you want to be long, I'd recommend using caution as you try to get in. Wait for a pullback, or at least for the stock to settle down.
-- Written by Bret Kenwell in Petoskey, Mich.
At the time of publication, Kenwell had no positions in any stock mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.