The Gory Details of China Yuchai International's Earnings Miss

China Yuchai International (NYSE: CYD  ) reported earnings on Feb. 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), China Yuchai International whiffed on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue shrank. GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
China Yuchai International logged revenue of $523.6 million. The one analyst polled by S&P Capital IQ looked for revenue of $625.1 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $594.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.94. The one earnings estimate compiled by S&P Capital IQ forecast $1.21 per share. GAAP EPS of $0.94 for Q4 were 40% lower than the prior-year quarter's $1.57 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 24.7%, 300 basis points worse than the prior-year quarter. Operating margin was 11.7%, 440 basis points worse than the prior-year quarter. Net margin was 6.7%, 320 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $620.2 million. On the bottom line, the average EPS estimate is $0.74.

Next year's average estimate for revenue is $2.42 billion. The average EPS estimate is $2.96.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 352 members out of 383 rating the stock outperform, and 31 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give China Yuchai International a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on China Yuchai International is hold, with an average price target of $15.00.

Is China Yuchai International the right retailer for your portfolio? Learn how to maximize your investment income and ""Secure Your Future With 9 Rock-Solid Dividend Stocks,"" including one above-average retailing powerhouse. Click here for instant access to this free report.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 28, 2013, at 8:27 AM, Jockey76 wrote:

    You obviously are using boilerplate for this article. The only analyst who covers CYD is Alex Potter from Piper-Jaffray, so it is impossible to have an "average" anything as far as estimates go. Alex's estimate for the entire year was only off by -10.74% ($2.70 estimate vs. $2.41 actual)...which compares quite favorably to his "average" miss on the quarterly EPS estimates. By my calculations that number is an average of 71% (plus or minus) over the last 5 quarters. Gory details? They are still the number one diesel engine and natural gas manufacturer in a long shot!

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2282512, ~/Articles/ArticleHandler.aspx, 5/26/2016 12:51:24 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 17,817.30 -34.21 -0.19%
S&P 500 2,089.48 -1.06 -0.05%
NASD 4,894.93 0.04 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/26/2016 12:36 PM
CYD $10.56 Down -0.30 -2.76%
China Yuchai Inter… CAPS Rating: **