JinkoSolar Holding Beats on Both Top and Bottom Lines

JinkoSolar Holding (NYSE: JKS  ) reported earnings on June 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), JinkoSolar Holding beat expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded. Non-GAAP loss per share dropped. GAAP loss per share dropped.

Margins grew across the board.

Revenue details
JinkoSolar Holding chalked up revenue of $187.3 million. The two analysts polled by S&P Capital IQ wanted to see sales of $168.3 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $168.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.56. The two earnings estimates compiled by S&P Capital IQ predicted -$1.06 per share. Non-GAAP EPS were -$0.56 for Q1 compared to -$2.36 per share for the prior-year quarter. GAAP EPS were -$0.93 for Q1 compared to -$2.55 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 12.7%, much better than the prior-year quarter. Operating margin was -1.4%, much better than the prior-year quarter. Net margin was -11.1%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $298.8 million. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $1.09 billion. The average EPS estimate is -$0.58.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 119 members out of 170 rating the stock outperform, and 51 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give JinkoSolar Holding a green thumbs-up, and 16 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on JinkoSolar Holding is hold, with an average price target of $6.90.

Is JinkoSolar Holding the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.

Add JinkoSolar Holding to My Watchlist.