JinkoSolar Holding Co., Ltd. (NYSE:JKS) Consensus Forecasts Have Become A Little Darker Since Its Latest Report
It's been a mediocre week for JinkoSolar Holding Co., Ltd.( NYSE:JKS ) shareholders, with the stock dropping 10% to US$21.36 in the week since its latest full-year results. It was a pretty bad result overall; while revenues were in line with expectations at CN¥65b, statutory losses exploded to CN¥87.51 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the consensus forecast from JinkoSolar Holding's six analysts is for revenues of CN¥79.4b in 2026. This reflects a substantial 21% improvement in revenue compared to the last 12 months. JinkoSolar Holding is also expected to turn profitable, with statutory earnings of CN¥0.74 per share. In the lead-up to this report, the analysts had been modelling revenues of CN¥88.2b and earnings per share (EPS) of CN¥12.19 in 2026. Indeed, we can see that the analysts are a lot more bearish about JinkoSolar Holding's prospects following the latest results, administering a real cut to revenue estimates and slashing their EPS estimates to boot.
Check out our latest analysis for JinkoSolar Holding
The analysts made no major changes to their price target of US$32.95, suggesting the downgrades are not expected to have a long-term impact on JinkoSolar Holding's valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic JinkoSolar Holding analyst has a price target of US$66.10 per share, while the most pessimistic values it at US$17.00. 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.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting JinkoSolar Holding's growth to accelerate, with the forecast 21% annualised growth to the end of 2026 ranking favourably alongside historical growth of 18% per annum over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 21% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that JinkoSolar Holding is expected to grow at about the same rate as the wider industry.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for JinkoSolar Holding. Sadly, they also downgraded their revenue forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. The consensus price target held steady at US$32.95, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple JinkoSolar Holding analysts - going out to 2028, and you can see them free on our platform here.
You still need to take note of risks, for example - JinkoSolar Holding has 2 warning signs we think you should be aware of.
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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.
