Hanwha Q CELLS (HQCL) to Release Quarterly Earnings on Thursday
Hanwha Q CELLS (NASDAQ:HQCL) will be announcing its earnings results on Thursday, January 28th. Analysts expect the company to announce earnings of $0.73 per share for the quarter.
Hanwha Q CELLS (NASDAQ:HQCL) last released its quarterly earnings results on Thursday, November 19th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.44. The firm had revenue of $427 million for the quarter, compared to the consensus estimate of $558.40 million. On average, analysts expect Hanwha Q CELLS to post $0.77 EPS for the current fiscal year and $1.43 EPS for the next fiscal year.
Separately, Zacks Investment Research downgraded Hanwha Q CELLS from a “buy” rating to a “hold” rating in a research note on Thursday, January 21st.
Shares of Hanwha Q CELLS (NASDAQ:HQCL) opened at 17.35 on Wednesday. The stock’s 50 day moving average price is $21.44 and its 200 day moving average price is $16.17. The company has a market capitalization of $1.44 billion and a PE ratio of 71.69. Hanwha Q CELLS has a 12-month low of $7.70 and a 12-month high of $28.87.
Hanwha Q CELLS Co., Ltd., formerly Hanwha SolarOne Co., Ltd. (NASDAQ:HQCL), is a global solar energy company. The Company is involved in manufacturing of solar modules and development and management of downstream solar farms. It manufactures a range of photo voltaic (PV) cells and PV modules. It also engages in PV downstream businesses, which include developing solar power projects and providing engineering, procurement and construction services and operation and management services. It develops and builds solar power projects incorporating its PV modules to sell them to third-party purchasers. It provides operation and management services, including inspections, repair and replacement of plant equipment, site management and administrative support services. It sells PV cells and PV modules both directly to system integrators and through third-party distributors. It supplies its solar products in Japan, Germany, the United Kingdom, China, the United States, Korea and Canada.
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