Yingli Green Energy Holding
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Yingli Green Energy Holding missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Yingli Green Energy Holding chalked up revenue of $408.0 million. The 18 analysts polled by S&P Capital IQ expected to see revenue of $434.1 million on the same basis. GAAP reported sales were 34% lower than the prior-year quarter's $616.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.19. The 12 earnings estimates compiled by S&P Capital IQ predicted -$0.26 per share on the same basis. GAAP EPS were -$3.87 for Q4 against $0.49 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 3.0%, 2,990 basis points worse than the prior-year quarter. Operating margin was -48.1%, 7,130 basis points worse than the prior-year quarter. Net margin was -146.9%, 15,970 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $461.7 million. On the bottom line, the average EPS estimate is -$0.20.
Next year's average estimate for revenue is $2.19 billion. The average EPS estimate is -$0.42.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,612 members out of 1,683 rating the stock outperform, and 71 members rating it underperform. Among 298 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 289 give Yingli Green Energy Holding a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Yingli Green Energy Holding is hold, with an average price target of $4.
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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. 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.