Earnings Preview for March 24, 2014 (NASDAQ: EXA) (NYSE: SOL) (TSX: GXI)

Published:

These U.S and Canadian companies are scheduled to report their quarterly earnings today. Below is a preview of their key earning metrics, based on consensus estimates of analysts polled by Bloomberg. We have also provided analysts’ consensus buy ratings for these stocks with upside potential for the upcoming 12-months.

  1. EXA Corporation (NASDAQ: EXA) develops, distributes, and supports simulation software and services. The company offers these services and software to vehicle manufacturers for increased performance of their products, to reduce product development costs, and improve their design and engineering processes. EXA will release its fourth quarter earnings for 2014 today (March 24, 2014).

    As per analysts’ consensus estimates polled by Bloomberg, fourth quarter net sales for EXA are estimated at $14.7 million, up 12% from the year ago quarter, while the net profit is seen improving by 186% to $0.29 million or 0.02 cents per share during the period. The gross margins during the quarter are seen at 70.6%.

    Total Analyst Coverage

    5

    Buy Ratings

    40%

    Upside Potential

    23.2%

  2. Renesola Ltd (NYSE: SOL) manufactures solar wafers for integration into photovoltaic cells. The company has developed proprietary technology for processing different types of scrap wafer and other silicon materials for use as feedstock for its solar wafer production. SOL will release its first quarter earnings for 2014 today (March 24, 2014).

    As per analysts’ consensus estimates polled by Bloomberg, first quarter net sales for SOL are estimated to increase 24% to $381.5 million from the year ago quarter. While, net losses for the company are seen decreasing to 11.40 million during the quarter from the earlier losses of 49.85 million reported same quarter last year. During the quarter, loss per share is seen declining to 14 cents from earlier loss of 58 cents per share.

    Total Analyst Coverage

    4

    Buy Ratings

    50%

    Upside Potential

    -1.8%

  3. Guestlogix Inc (TSX: GXI) provides on-board retailing technology and solutions to airlines, railways and ferries. GXI will release its fourth quarter earnings for 2013 today (March 24, 2014).

    As per analysts’ consensus estimates polled by Bloomberg, fourth quarter net sales for GXI are estimated to rise by 16% to C$9.61 million from the same quarter last year. While, net losses for the company are seen declining to 0.20 million during the quarter from the earlier losses of 9.57 million reported same quarter last year. During the quarter, loss per share is seen declining to 0.00 cents from earlier loss of 14 cents per share.

    Total Analyst Coverage

    7

    Buy Ratings

    100%

    Upside Potential

    41.4%

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