While acknowledging the solar sector has a good third quarter, Wedbush doesn't see that continuing, and among the major competitors, only rates Trina Solar (NYSE:TSL) as an "Outperform."
Wedbush said that "given the company’s low cost structure and competitive position," they remain positive on the company.
When reporting on November 15, Trina should report quarterly sales of $419.2 million GAAP EPS of 88c, concluded Wedbush.
Trina closed Wednesday at $27.60, gaining $0.13, or 0.47 percent. Wedbush has a price target of $34 on them.
Showing posts with label Quarterly Preview. Show all posts
Showing posts with label Quarterly Preview. Show all posts
Thursday, October 28, 2010
Monday, October 25, 2010
Metalico (AMEX:MEA) Should Beat Quarterly Estimates
Canaccord Genuity said they're maintaining their "Buy/Best Idea" on scrap metal dealer Metalico (Amex:MEA) as their quarterly results report approaches.
"We reiterate our BUY/Best Idea rating on Metalico ahead of the company’s Q3 results on Friday, October 29 before the market open. We look for upside to our Q3 EPS estimate of $0.11 and anticipate management will have a bullish outlook regarding the PGM and nonferrous metals segments in Q4. Trading at less than 9x our 2011 EPS estimate, MEA has significant upside potential, in our view."
Metalico, Inc. also produces and markets a variety of lead products.
The company closed Friday at $4.73, up $0.27, or 6.05 percent. Trading volume was about double its normal 3-month average. Canaccord has a price target of $8 on them.
"We reiterate our BUY/Best Idea rating on Metalico ahead of the company’s Q3 results on Friday, October 29 before the market open. We look for upside to our Q3 EPS estimate of $0.11 and anticipate management will have a bullish outlook regarding the PGM and nonferrous metals segments in Q4. Trading at less than 9x our 2011 EPS estimate, MEA has significant upside potential, in our view."
Metalico, Inc. also produces and markets a variety of lead products.
The company closed Friday at $4.73, up $0.27, or 6.05 percent. Trading volume was about double its normal 3-month average. Canaccord has a price target of $8 on them.
Thursday, October 14, 2010
Schnitzer (Nasdaq:SCHN) Quarterly Preview from Canaccord Genuity
In a earnings preview for Schnitzer Steel (Nasdaq:SCHN), Canaccord Genuity reiterated their estimates for the company, which are below consensus.
"We are comfortable with our August quarter estimates and maintain our rating in advance of Schnitzer’s FQ4 results due on Wednesday, October 20, after the market close...Our slightly below consensus FQ4 revenue/EBITDA/EPS estimates are $655.4M/$33.9M/$0.37. For comparison, consensus estimates are $669M/$34.3M/$0.39," said Canaccord.
"We anticipate management will offer relatively cautious commentary on the
current (Nov.) quarter. While ferrous scrap prices did increase in Sept., they have tumbled in October, partly as a result of temporary weakness in export demand. Our research indicates that export demand has been spotty from Asia and only recently resumed from Turkey."
Canaccord maintains their "Buy" rating on Schnitzer, which closed at $50.45, gaining $0.45, or 0.90 percent. They have a price target of $67 on the company.
"We are comfortable with our August quarter estimates and maintain our rating in advance of Schnitzer’s FQ4 results due on Wednesday, October 20, after the market close...Our slightly below consensus FQ4 revenue/EBITDA/EPS estimates are $655.4M/$33.9M/$0.37. For comparison, consensus estimates are $669M/$34.3M/$0.39," said Canaccord.
"We anticipate management will offer relatively cautious commentary on the
current (Nov.) quarter. While ferrous scrap prices did increase in Sept., they have tumbled in October, partly as a result of temporary weakness in export demand. Our research indicates that export demand has been spotty from Asia and only recently resumed from Turkey."
Canaccord maintains their "Buy" rating on Schnitzer, which closed at $50.45, gaining $0.45, or 0.90 percent. They have a price target of $67 on the company.
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