Azure Power Global Ltd. AZRE is set to report fiscal third-quarter 2019 results on Feb 12, after the market closes.In the last reported quarter, the company witnessed a positive earnings surprise of 70%. The bottom line outpaced the Zacks Consensus Estimate in all the trailing four quarters, with the average beat being 76.07%.Let’s see how things are shaping up prior to this announcement.Factors Under ConsiderationThe company was successful in securing some major contracts and awards during the fiscal third quarter. It signed a record 415 power purchase agreements (PPA) for a portion of the 11.2 MW rooftop solar power project in Madhya Pradesh, India, and a letter of award (LOA) for a 300 MW Interstate Transmission System (ISTS) grid connected solar PV project. The company also continues to make significant progress in its Azure Roof Power, which focuses on commercial, industrial and government rooftops.Considering these factors, we may expect Azure Power Global’s upcoming quarterly results to reflect favorable top-line performance. In line with this, the Zacks Consensus Estimate for fourth-quarter revenues is pegged at $31 million, reflecting an annual rise of 14.8%.During the fiscal second-quarter earnings call, it was observed that the company's interest expenses declined 47% compared with that in the second quarter of 2017. The decline in interest expenses was due to lower interest rates on several projects. We expect the company to witness a similar trend in the to-be-reported quarter as well, thereby boosting earnings.However, toward the beginning of August 2018, a safeguard duty was enforced in India on solar cells and modules for a period of two years. Such tariff hikes could have an unfavorable impact on the company’s bottom line in the to-be-reported quarter. As a result, the Zacks Consensus Estimate for third-quarter earnings pegged at a loss of 12 cents is in line with the year-ago quarter’s figure.What the Zacks Model UnveilsOur proven model does not conclusively show that Azure Power Global is likely to beat estimates in the third quarter. This is because a stock needs to have both — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen.Earnings ESP: Azure Power Global has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: Azure Power Global has a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.Please note that we caution against stocks with a Zacks Rank #4 or 5 (Sell rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.Azure Power Global Ltd. Price and EPS Surprise Azure Power Global Ltd. Price and EPS Surprise | Azure Power Global Ltd. Quote Upcoming Solar ReleasesCanadian Solar Inc. CSIQ sports a Zacks Rank #1 and is scheduled to report fourth-quarter results on March 21.SunPower Corporation SPWR carries a Zacks Rank #2 and is scheduled to report fourth-quarter results on Feb 13.First Solar Inc. FSLR carries a Zacks Rank #3 and is scheduled to report fourth-quarter results on Feb 21.Is Your Investment Advisor Fumbling Your Financial Future?See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”Click to get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Azure Power Global Ltd. (AZRE): Free Stock Analysis Report SunPower Corporation (SPWR): Get Free Report First Solar, Inc. (FSLR): Get Free Report Canadian Solar Inc. (CSIQ): Get Free Report To read this article on Zacks.com click here.