Earnings Preview: Trina Solar, Analog Devices Report Results Monday

|
 |  Includes: ADI, TSL
by: Robert Weinstein

Trina Solar Limited (NYSE:TSL) is expected to report earnings for last fiscal quarter after the closing bell on November 21, 2011.

Trina Solar Limited, through its subsidiaries, designs, develops, manufactures, and sells photovoltaicmodules worldwide. The company was founded in 1997 and is based in Changzhou, the People's Republic of China. TSL trades an average of 3.3 million shares per day.

52-Week High: $31.08
52-Week Low: $5.28
Book Value: $15.65

On average, 19 analysts are expecting a drop of $-0.11 in earnings per share compared to last quarter's results of $0.17. Investors will be looking to see a number north of $0.06 per share, based on the earnings estimates.

From a month ago, the stock has decreased in price -10.66%, with a one-year change of -71.07%. When comparing to the S&P 500, the year-to-date difference is -71.13%.

Investors have been rewarded with an increase of year-over-year revenue. Revenue reported was $1.86 billion for 2010 vs. $845.14 million for 2009. The bottom line has rising earnings year-over-year of $311.45 million for 2010 vs. $96.23 million for 2009. The company's earnings before interest and taxes are rising, with an EBIT year-over-year of $417.35 million for 2010 vs. $135.37 million for 2009.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for TSL Click to enlarge

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

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jun-11 $ 590.42 M $ 579.46 M $ -10.96 M -1.86%
Mar-11 $ 589.83 M $ 550.85 M $ -38.98 M -6.61%
Dec-10 $ 529.71 M $ 641.79 M $ 112.08 M 21.16%
Sep-10 $ 433.89 M $ 508.30 M $ 74.41 M 17.15%
Jun-10 $ 336.37 M $ 370.76 M $ 34.39 M 10.22%
Click to enlarge

M = millions, B = billion.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results TSL Click to enlarge

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

The total short interest number of shares for TSL:

paid2trade.com short interest tool. The total short interest number of shares for TSL Click to enlarge

The number of days to cover short interest based on average daily trading volume for TSL:

paid2trade.com number of days to cover short interest based on average daily trading volume for TSL Click to enlarge

Analog Devices, Inc. (NYSE:ADI) is expected to report earnings for last fiscal quarter after the closing bell on November 21, 2011.

Analog Devices, Inc. designs, manufactures, and markets analog, mixed-signal, and digital signal processing integrated circuits used in industrial, automotive, consumer, communication, and computer applications. The company was founded in 1965 and is headquartered in Norwood, Massachusetts. ADI trades an average of 3.2 million shares per day.

52-Week High: $43.28
52-Week Low: $29.23
Book Value: $12.41
Float Short: 2.28%

On average, 19 analysts are expecting a drop of $-0.08 in earnings per share compared to last quarter's results of $0.71. The estimated mean earnings are $0.63 per share. Analyst estimates range between $0.59 and $0.68 per share.

From a month ago, the stock has increased in price 4.01%, with a change from a year ago of 4.66%. When comparing to the S&P 500, the year-to-date difference is -2.54%.

For the same fiscal period year-over-year, revenue has improved to $2.76 billion for 2010 vs. $2.01 billion for 2009. The bottom line has rising earnings year-over-year of $712.08 million for 2010 vs. $247.77 million for 2009. The company's earnings before interest and taxes are rising, with an EBIT year-over-year of $900.07 million for 2010 vs. $284.82 million for 2009.

Here is a look at the fiscal year revenue:

paid2trade.com revenue gross bar chart for ADI Click to enlarge

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

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Jul-11 $ 780.09 M $ 757.90 M $ -22.19 M -2.84%
Apr-11 $ 746.16 M $ 790.78 M $ 44.62 M 5.98%
Jan-11 $ 728.18 M $ 728.50 M $ 0.32 M 0.04%
Oct-10 $ 755.81 M $ 769.99 M $ 14.18 M 1.88%
Jul-10 $ 706.51 M $ 720.29 M $ 13.78 M 1.95%
Click to enlarge

M = millions, B = billion.
Differences are rounded.
Some one-time items are often excluded in reported EPS.

paid2trade.com Quarterly Estimates And Actual EPS results ADI Click to enlarge

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

The total short interest number of shares for ADI:

paid2trade.com short interest tool. The total short interest number of shares for ADI Click to enlarge

The number of days to cover short interest based on average daily trading volume for ADI:

paid2trade.com number of days to cover short interest based on average daily trading volume for ADI Click to enlarge

I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the confirmed symbols from earnings.com that I believe to be of the most interest.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.