Earnings Update: JinkoSolar Holding Co., Ltd. (NYSE:JKS) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

The quarterly results for JinkoSolar Holding Co., Ltd. (NYSE:JKS) were released last week, making it a good time to revisit its performance. Revenues of CN¥16b fell short of estimates by 16%, but statutory losses were in line with expectations, at CN¥14.31 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on JinkoSolar Holding after the latest results.

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Taking into account the latest results, the current consensus from JinkoSolar Holding's four analysts is for revenues of CN¥96.7b in 2026. This would reflect a sizeable 41% increase on its revenue over the past 12 months. Earnings are expected to improve, with JinkoSolar Holding forecast to report a statutory profit of CN¥13.83 per share. In the lead-up to this report, the analysts had been modelling revenues of CN¥104.2b and earnings per share (EPS) of CN¥11.32 in 2026. While revenue forecasts have been revised downwards, the analysts look to have become more optimistic on the company's cost base, given the considerable lift to to the earnings per share numbers.

View our latest analysis for JinkoSolar Holding

There's been no real change to the average price target of US$36.10, with the lower revenue and higher earnings forecasts not expected to meaningfully impact the company's valuation over a longer timeframe. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on JinkoSolar Holding, with the most bullish analyst valuing it at US$66.10 and the most bearish at US$20.00 per share. As you can see the range of estimates is wide, with the lowest valuation coming in at less than half the most bullish estimate, suggesting there are some strongly diverging views on how analysts think this business will perform. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that JinkoSolar Holding's rate of growth is expected to accelerate meaningfully, with the forecast 32% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 22% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 20% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect JinkoSolar Holding to grow faster than the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards JinkoSolar Holding following these results. They also downgraded JinkoSolar Holding's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. Still, earnings are more important to the intrinsic value of the business. The consensus price target held steady at US$36.10, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple JinkoSolar Holding analysts - going out to 2027, and you can see them free on our platform here.

It is also worth noting that we have found 1 warning sign for JinkoSolar Holding that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.