SunPower Corporation Earnings Today

After the closing bell, SunPower Corporation (SPWRA) will take the spotlight to reveal its fourth-quarter earnings. Analysts surveyed by Thomson Reuters are expecting the solar concern to report net income of 49 cents per share, down from its year-ago profit of 70 cents per share. Sales for the period are expected to arrive at $491 million.

SunPower has a solid history in the earnings spotlight, having exceeded Wall Street's consensus expectations in three of the past four reporting periods. Judging by a recent uptick in call buying, some traders appear to be anticipating another upside surprise.

During the past 10 days, traders on the International Securities Exchange (ISE) have bought to open 3.75 calls for every put on SPWRA, revealing a distinct preference for bullish bets over their bearish counterparts. In fact, this ratio of calls to puts ranks higher than 82.7% of other such readings, indicating that traders on the ISE have rarely shown a greater bias toward calls over puts.
Source

Labels: Earnings, Solar Stocks, SPWRA, SunPower Corp

posted by Ertai at 1:55 PM