Clean Harbors (CLH) was going to have a great quarter. After all, they were one of the big beneficiaries of the gulf oil spill with its experience in cleaning up environmental contaminants… and a big quarter it was. The company smashed estimates posting a record EPS of $2.20 which was way ahead of the analyst estimate of .87. To put that in perspective, it’s nearly equal to their best year in 2008 when they produced … Read the rest
Tag Archives: earnings
Echelon (ELON) Beats Estimates, Narrows Loss But Guidance Mixed
Echelon (ELON) has a long way to go to get to profitability, but it reported a decent quarter beating analyst estimates by a wide margin on the EPS side. It reported a loss of .09/share which was .15 better than analyst expectations on revenues that were a bit better than analyst expectations at $27 million (analysts expected $25.5 million). Those numbers are improvements both sequentially and quarter over quarter and that’s exactly what you want … Read the rest
Trex (TREX) Beats With Strong Results
Trex (TREX), reported a strong quarter this morning reporting a Q2 non GAAP) EPS of $1.07 vs the analyst estimate of $0.59. Revenue for the quarter was $115.5 million, vs the estimate of $110.22 million. This is a company that is about as seasonal as they come, so it doesn’t make sense to compare sequential results. Quarter over quarter, the EPS number represented a more than 100% increase and on the revenue side about a … Read the rest
Solarfun (SOLF) Smashes Estimates, Raises Guidance, Shares Soaring
Solarfun (SOLF) reported another big quarter of growth and smashed analyst estimates in the process. It appears the company is quietly emerging as a top China solar play while companies like Suntech Power (STP), Trina Solar (TSL) and JA Solar (JASO) garner much of the attention. SOLF reported a non GAAP EPS of .59/share, which was more than double the analyst estimate of .25/share. Revenues were impressive too coming in at $258 million vs the … Read the rest
Evergreen Solar (ESLR) Reports Mixed Results; China Operation On Track
Evergreen Solar (ESLR) is a company that has always needed to find a way to cut costs and time is running out as I’ve mentioned so many times before on this blog. The success of this company really hinges on the success of their China outsourcing operation which is proceeding as planned. For now, the company is still nowhere near profitability. While revenues continue to climb higher and improve over the year ago quarter, earnings … Read the rest
Auriga Reiterates Buy On First Solar (FSLR), Raises PT To $175
Auriga remains quite bullish on First Solar (FSLR) following last night’s earnings report, reiterating their Buy rating and raising the price target to $175. The firm believes it’s separating itself from the competition by continuing to drive costs lower. During the quarter, manufacturing costs declined by 6% over the previous quarter and 13% year over year. While they indicate some negatives on the conference call, overall Auriga believes the positives far outweigh the negatives. They … Read the rest
Comverge (COMV) Reports About Inline & Reaffirms Guidance, But Steep Losses Remain
Comverge (COMV) reported results that were inline with analyst estimates on the EPS side and a bit above on the revenue side. The company reported a non GAAP EPS loss of .39/share on revenues of $17 million vs the analyst estimate of a .39/share loss on revenues of $15.80 million. For a company that expects to break even to post a bit of profit next year, it’s got its work cut out. On the revenue … Read the rest
Power One (PWER) Beats With Big Growth Again, Shares Up Over 15%
Power-One (PWER) continues its tear over the past year with the stock vaulting 10-fold in that time. It’s not done yet. The stock is up over 15% in after hours trading after the company beat estimates by a wide margin, posting huge quarter over quarter growth once again. They reported a Q2 EPS of .17/share, .07 better than analyst estimates on revenues of $215 million which also beat analyst estimates ($186 million). That’s a 325% … Read the rest
First Solar (FSLR) Beats & Raises, But Shares In The Red
First Solar (FSLR) beat estimates by a wide margin after the bell today, posting an EPS of 1.84 vs the analyst estimate of 1.60 on revenues of $588 million vs the analyst estimate of $542 million. However, it represents the first quarter in which FSLR has posted decelerating quarter over quarter profit growth in many years if ever. While revenues maintained growth jumping about 10% over the year ago quarter, profits fell about 13% over … Read the rest
MEMC Electronic Materials (WFR) Struggles Again – Misses & Guides Lower
MEMC Electronic Materials (WFR) just can’t seem to get it going. Just when you think they are ready to turn the corner, they turn in another disappointing quarter and today was no exception. Despite a few firms coming out with bullish calls on WFR in recent days (Barclays, Gleacher & Kaufman Bros), the company missed on EPS posting results that were .03 lower than what analysts expected with .06. Revenues misses as … Read the rest