Wall Street brokerages forecast that SunPower Co. (NASDAQ:SPWR) will announce earnings of ($0.32) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for SunPower’s earnings. The lowest EPS estimate is ($0.49) and the highest is $0.11. SunPower reported earnings per share of ($0.20) in the same quarter last year, which would suggest a negative year over year growth rate of 60%. The business is expected to issue its next earnings report on Tuesday, May 14th.

On average, analysts expect that SunPower will report full-year earnings of ($0.40) per share for the current fiscal year, with EPS estimates ranging from ($0.94) to $0.53. For the next year, analysts expect that the company will post earnings of $0.11 per share, with EPS estimates ranging from ($0.56) to $0.91. Zacks’ EPS averages are a mean average based on a survey of analysts that cover SunPower.

SunPower (NASDAQ:SPWR) last released its quarterly earnings data on Wednesday, February 13th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.13. The business had revenue of $525.40 million during the quarter, compared to analysts’ expectations of $566.06 million. SunPower had a negative net margin of 46.99% and a negative return on equity of 83.67%. The firm’s quarterly revenue was down 36.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS.

Several equities analysts have issued reports on the stock. Credit Suisse Group cut shares of SunPower from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $10.00 to $7.00 in a research report on Friday, February 15th. BidaskClub downgraded shares of SunPower from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 8th. Barclays initiated coverage on shares of SunPower in a research report on Monday, January 7th. They set an “underweight” rating and a $4.00 target price for the company. Bank of America lowered shares of SunPower from a “neutral” rating to an “underperform” rating and set a $6.00 price objective for the company. in a report on Friday, February 15th. Finally, ValuEngine upgraded shares of SunPower from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. SunPower has a consensus rating of “Hold” and a consensus price target of $7.04.

NASDAQ SPWR remained flat at $$6.14 on Monday. 1,887,121 shares of the company’s stock traded hands, compared to its average volume of 1,733,990. The company has a debt-to-equity ratio of 39.39, a quick ratio of 1.09 and a current ratio of 1.52. SunPower has a 1 year low of $4.55 and a 1 year high of $10.00. The firm has a market cap of $869.49 million, a PE ratio of -6.98 and a beta of 2.30.

A number of institutional investors have recently modified their holdings of SPWR. Vanguard Group Inc. lifted its stake in SunPower by 10.2% during the 3rd quarter. Vanguard Group Inc. now owns 6,265,071 shares of the semiconductor company’s stock valued at $45,735,000 after acquiring an additional 580,984 shares during the period. Vanguard Group Inc lifted its stake in SunPower by 10.2% during the 3rd quarter. Vanguard Group Inc now owns 6,265,071 shares of the semiconductor company’s stock valued at $45,735,000 after acquiring an additional 580,984 shares during the period. Norges Bank bought a new position in SunPower during the 4th quarter valued at about $5,873,000. Northern Trust Corp lifted its stake in SunPower by 0.4% during the 4th quarter. Northern Trust Corp now owns 760,039 shares of the semiconductor company’s stock valued at $3,778,000 after acquiring an additional 3,007 shares during the period. Finally, Geode Capital Management LLC lifted its stake in SunPower by 4.5% during the 4th quarter. Geode Capital Management LLC now owns 743,670 shares of the semiconductor company’s stock valued at $3,696,000 after acquiring an additional 31,794 shares during the period. 27.58% of the stock is currently owned by institutional investors and hedge funds.

SunPower Company Profile

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.

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