Earnings Preview: Suntech Power Reports Q2 Results Monday

Aug.17.11 | About: Suntech Power (STP)

Suntech Power Holdings Co., Ltd. (NYSE:STP) is due to report earnings before the opening bell on Monday, August 22.

Overview
STP trades an average of 2.91 million shares per day, and has a market cap of $1.21 billion.

Suntech Power engages in the design, development, manufacture, and marketing of photovoltaic (PV) products. Suntech Power is headquartered in Wuxi, China.

Recent Price: $6.42
52 Week High: $10.83
52 Week Low: $5.45
Book Value: $10.48

On average, analysts are expecting $0.20 per share, a drop of $-0.16 in earnings per share compared to last quarter's results of $0.36. In the last month, the stock has decreased in price -7.07 %; in the last quarter, it has returned -10.91%, with a one year change of -23.43%.

Comparing to the S&P 500 price changes, the price performances are 0.72% vs. the S&P 500 from a month ago, -20.74% vs. the S&P 500 from six months ago, and the year to date difference is -12.66% vs. the S&P 500 price change.

The company has rising revenue year-over-year of $2.90 billion for 2010 vs. $1.69 billion for 2009. The bottom line has rising earnings year-over-year of $236.90 million for 2010 vs. $85.60 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $197.20 million for 2010 vs. $174.00 million for 2009.

The annual growth rate of revenue is 71.6%.

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Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 864.51 M $ 877.00 M $ 12.49 M 1.44%
Dec-10 $ 840.62 M $ 945.08 M $ 104.46 M 12.43%
Sep-10 $ 713.59 M $ 743.67 M $ 30.08 M 4.22%
Jun-10 $ 626.62 M $ 625.14 M $ -1.48 M -0.24%
Mar-10 $ 585.99 M $ 588.03 M $ 2.04 M 0.35%
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M = millions, B = billions

Reported earnings per share compared to the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.35 0.36 0.01 2.86%
Dec-10 0.33 1.65 1.32 400%
Sep-10 0.23 0.18 -0.05 -21.74%
Jun-10 0.03 0.03 0 0.00%
Mar-10 0.12 0.11 -0.01 -8.33%
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(Some onetime items are often excluded in reported EPS)

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