JinkoSolar Holding Second Quarter 2024 Earnings: Misses Expectations

[email protected] (Simply Wall St)
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JinkoSolar Holding (NYSE:JKS) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN￥24.1b (down 22% from 2Q 2023).

  • Net loss: CN￥100.7m (down by 108% from CN￥1.31b profit in 2Q 2023).

  • CN￥1.94 loss per share (down from CN￥25.54 profit in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

JinkoSolar Holding Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 15%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for JinkoSolar Holding that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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