Last week, JA Solar Holdings Co. Ltd. (NASDAQ: JASO) posted a quarterly loss and lowered its guidance. But as interest in alternative energy continues to grow, analysts polled by Thomson Financial are still looking for good things from solar energy concerns scheduled to report earnings this week.
Strong growth at Trina Solar Ltd. (NYSE: TSL) in the third quarter prompted it to lift its guidance back in October. Analysts expect the Chinese company to post profits that are 76.3% higher than a year ago, or $1.18 per share on revenues of $268.4 million (+225.0%). Though Trina Solar missed estimates in the second quarter, analysts on average recommend buying TSL. Shares are down 81.4% from a year ago and trading near an all-time low.
Earnings of rival LDK Solar Co. Ltd. (NYSE: LDK) are expect to have risen 47.9% to $0.71 per share on revenues of $486.7 million (+206.6%). Also based in China, LDK has not missed estimates in recent quarters; in fact, it blew past expectations in the second quarter. Yet the consensus recommendation is to hold LDK. Like Trina Solar, LDK's shares are trading near an all-time low; the share price has fallen 50.0% in the past year.
Analysts anticipate third-quarter earnings for Canadian Solar Inc. (NASDAQ: CSIQ) to be a whopping 96.3% higher than a year ago, or $0.54 per share on revenues of $248.0 million (+154.5%). The company easily topped estimates in the previous quarter. ReneSola Ltd. (NYSE: SOL) and Suntech Power Holdings Co. Ltd. (NYSE: STP) are also expected to report earnings growth of 29.7% ($0.37 per share) and 23.8% ($0.42 per share), respectively. All three of these stocks reached 52-week lows last week, and all are considered buys.
Home improvement superstores Home Depot Inc. (NYSE: HD) and Lowe's Companies Inc. (NYSE: LOW) are also scheduled to report their third-quarter results this week, but expectations are lower as these rivals continue to face the housing slump and the lackluster retail sales environment. Analysts estimate that Home Depot's profits will be 33.9% lower than a year ago, or $0.39 per share on revenue of $17.7 billion (-6.4%), and that Lowe's profits will be 34.9% lower, or $0.28 per share on revenue of $11.6 billion (+0.5%). These companies have mostly beat expectations in the past few quarters, and the consensus recommendation is to buy each of them. Shares of both companies have risen marginally from 52-week lows back in October. The share price of Home Depot is 29.3% lower than a year ago, and 26.6% lower for Lowe's.
Here's a look at what Wall Street is expecting from other various retailers scheduled to report this week:
- The Pantry Inc. (NASDAQ: PTRY): $0.78 per share (+59.0%) on revenues of $2.5 billion (+24.3%)
- Children's Place Retail Stores Inc. (NASDAQ: PLCE): $0.84 per share (+41.7%) on revenues of $450.6 million (-23.4%)
- BJ's Wholesale Club Inc. (NYSE: BJ): $0.46 per share (+23.9%) on revenues of $2.5 billion (+12.8%)
- The Buckle Inc. (NYSE: BKE): $0.63 per share (+23.8%) on revenues of $209.5 million (+25.0%)
- Ross Stores Inc. (NASDAQ: ROST): $0.43 per share (+16.3%) on revenues of $1.6 billion (+7.4%)
- PetSmart Inc. (NASDAQ: PETM): $0.26 per share (+15.4%) on revenues of $1.3 billion (+11.9%)
- Foot Locker Inc. (NYSE: FL): $0.25 per share (+16.0%) on revenues of $1.4 billion (-0.6%)
- Gap Inc. (NYSE: GPS): $0.34 per share (+11.8%) on revenues of $3.6 billion (-7.1%)
- Gymboree Corp. (NASDAQ: GYMB): $1.03 per share (+11.7%) on revenues of $269.6 million (+7.5%)
- Gamestop Corp. (NYSE: GME): $0.37 per share (+10.8%) on revenues of $1.8 billion (+13.4%)
- Jack in the Box Inc. (NYSE: JBX): $0.45 per share (+4.4%) on revenues of $689.9 million (+1.7%)
- Shoe Carnival Inc. (NASDAQ: SCVL): $0.32 per share (-3.0%) on revenues of $179.6 million (+3.3%)
- Dress Barn Inc. (NASDAQ: DBRN): $0.27 per share (-10.0%) on revenues of $370.4 million (+1.8%)
- Target Corp. (NYSE: TGT): $0.49 per share (-12.5%) on revenues of $15.2 billion (+2.8%)
- Zumiez Inc. (NASDAQ: ZUMZ): $0.23 per share (-17.9%) on revenues of $111.7 million (+7.3%)
- Tween Brands Inc. (NYSE: TWB): $0.18 per share (-60.9%) on revenues of $263.7 million (+1.1%)
- Men's Wearhouse Inc. (NYSE: MW): $0.25 per share (-63.8%) on revenues of $478.0 million (-6.7%)
- Pacific Sunwear of California Inc. (NASDAQ: PSUN): $0.01 per share (-95.8%) on revenues of $320.7 million (-6.2%)
- AnnTaylor Stores Corp. (NYSE: ANN): $0.01 per share (-98.5%) on revenues of $531.9 million (-11.5%)
Limited Brands Inc. (NYSE: LTD) is expected to have broken even ($0.00 per share), and Saks Inc. (NYSE: SKS) is expected to have swung to a loss of $0.03 per share in the most recent quarter. Among retailers expected to post deeper losses are Barnes & Noble Inc. (NYSE: BKS), Bon-Ton Stores Inc. (NASDAQ: BONT), Cost Plus Inc. (NASDAQ: CPWM), Stein Mart Inc. (NASDAQ: SMRT), and Trans World Entertainment Corp. (NASDAQ: TWMC).