SolarCity Corp Q3 Earnings Preview: Yet Another Quarterly Loss

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SolarCity Corp Q3 Earnings Preview: Yet Another Quarterly Loss
By BrokenSphere (Own work) [CC BY-SA 3.0 or GFDL], via Wikimedia Commons

SolarCity Corp (NASDAQ:SCTY) is scheduled to report its third-quarter results on Wednesday, Nov.5 after the market close. You can listen to the live webcast here. The residential solar installer continues to innovate, acquire and take market share. However, the company’s shares have declined more than 17% in the last three months. Analysts expect the company to post a wider loss for the September quarter.

SolarCity’s Q3 revenue expected to jump 24%

The San Mateo-based company last posted a profit in Q4, 2013. If you exclude certain items, SolarCity has never reported a profit since its IPO in 2012, reports MarketWatch. For the latest quarter, analysts polled by FactSet expect losses to widen from $0.43 to $1.11. Wall Street expects Q3 revenue to increase 23.90% YoY from $48.6 million to $60.23 million.

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