JinkoSolar Holding Third Quarter 2024 Earnings: Beats Expectations

JinkoSolar Holding (NYSE:JKS) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥24.5b (down 23% from 3Q 2023).
• Net income: CN¥22.5m (down 98% from 3Q 2023).
• Profit margin: 0.1% (down from 4.2% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: CN¥0.44 (down from CN¥25.66 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

JinkoSolar Holding Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.1%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 13% from a week ago.

Risk Analysis

It is worth noting though that we have found 5 warning signs for JinkoSolar Holding that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.