NASDAQ$CSIQ

Canadian Solar Inc. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

CSIQ Q4 2023 — $302.6M revenue

Risk Factors—Risks Related to Our Company and Our Industry—Fluctuations in exchange rates could adversely affect our business, including our financial condition and results of operations. Canadian Solar Inc. reported Q4 2023 results. Net income of $89.4M. Headline numbers extracted from the Form 20-F press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $302.6M.
  • Net income: $89.4M.
  • Filed on Form 20-F (accession 0001104659-24-052464).

Headline financials

Total Revenue

$1.7B

Previous: $1.97B-13.7%
EPS (adj)

-$0.02

Previous: $1.11-101.8%
Capital Expenditures

-$479M

Previous: $627M-176.4%
Net Income

-$1.39M

Previous: $83.7M-101.7%
Operating Income

-$20.2M

Previous: $146M-113.9%
Gross Profit

$213M

Previous: $318M-32.9%
R&D Expense

$31.5M

No prior period
Stock-Based Comp

$55.3M

Previous: $9.37M+490.6%

Revenue & EPS history

Canadian Solar · Revenue · Quarterly

$1.7B

Q4 2023-13.7%vs Q4 2022
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Revenue by segment

Canadian Solar · $1.97B total across 3 segments · Q4 2022

  • CSI Solar
    $1.98B+47.1%
  • Recurrent Energy
    $73.7M-68.3%
  • Eliminations
    -$78.1M-66.2%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-1.2%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.8%

Avg return

30 days after

47%

30 / 64 earnings

Positive

+16.7%

Q3 2018

Best reaction

-27.0%

Q4 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-27.0%-20.9%-16.5%
Q3 2025+0.8%-7.1%-20.4%
Q2 2025-18.6%-10.7%-8.2%
Q1 2025+5.8%+8.1%+9.2%
Q4 2024+0.5%-4.9%-4.4%
Q3 2024-0.5%+4.8%+1.0%
Q2 2024-7.4%-10.4%-3.5%
Q1 2024-10.8%-1.9%-1.2%
Q4 2023-0.6%-4.3%-19.5%
Q3 2023-2.0%-2.5%+13.4%
Q2 2023-12.6%-15.1%-14.9%
Q1 2023+3.8%+11.8%+6.7%
Q4 2022+5.2%+7.7%+12.4%
Q3 2022+1.1%-2.3%-12.7%
Q2 2022+7.1%+12.3%+2.3%
Q1 2022+0.2%+7.4%+11.1%
Q4 2021+5.8%+12.2%+1.1%
Q3 2021+5.8%+1.5%-17.5%
Q2 2021-7.0%-16.3%-12.3%
Q1 2021+5.7%+3.3%+6.6%
Q4 2020+9.7%+14.5%+6.5%
Q3 2020-0.7%+4.9%+16.3%
Q2 2020+3.6%+6.0%+28.3%
Q1 2020-2.5%-4.6%-4.2%
Q4 2019-1.1%+3.0%+9.1%
Q3 2019-13.1%-11.3%+20.1%
Q2 2019+13.5%+16.7%+3.4%
Q1 2019+7.9%+16.5%+23.4%
Q4 2018-20.6%-22.9%-19.5%
Q3 2018+16.7%+18.0%+21.5%
Q2 2018-2.9%-3.5%+8.0%
Q1 2018+3.9%+5.6%-28.8%
Q4 2017+7.9%+10.3%+4.9%
Q3 2017-5.7%-7.5%-8.6%
Q2 2017-1.5%-3.3%-4.0%
Q1 2017-1.1%-0.5%+20.1%
Q4 2016-11.7%-17.7%-0.3%
Q3 2016-9.0%-1.0%+5.3%
Q2 2016+13.8%+10.2%-2.9%
Q1 2016+10.2%
Q4 2015-8.8%
Q3 2015-0.9%
Q2 2015-16.6%
Q1 2015+7.1%
Q4 2014+11.2%
Q3 2014-8.1%
Q2 2014+3.1%
Q1 2014+3.2%
Q4 2013-10.5%
Q3 2013+8.7%
Q2 2013+7.4%
Q1 2013-7.0%
Q4 2012-7.0%
Q3 2012-7.6%
Q2 2012+6.9%
Q4 2009+3.1%
Q4 2010+3.1%
Q4 2011+3.1%
Q3 2011-15.4%
Q2 2011-1.2%
Q1 2011-4.2%
Q3 2010-7.8%
Q2 2010-7.8%
Q1 2010-4.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro