China Yuchai International Limited
The 10-second takeaway
For the quarter ended March 31 (Q1), China Yuchai International Limited beat expectations on revenues and crushed expectations on earnings per share.
Compared with the prior-year quarter, revenue shrank and GAAP earnings per share contracted significantly.
Margins dropped across the board.
China Yuchai International Limited recorded revenue of $583.4 million. The one analyst polled by S&P Capital IQ expected to see net sales of $568.2 million on the same basis. GAAP reported sales were 9.6% lower than the prior-year quarter's $646.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.71. The one earnings estimate compiled by S&P Capital IQ predicted $0.54 per share. GAAP EPS of $0.71 for Q1 were 24% lower than the prior-year quarter's $0.94 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.2%, 110 basis points worse than the prior-year quarter. Operating margin was 9.4%, 70 basis points worse than the prior-year quarter. Net margin was 4.6%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $571.1 million. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $2.37 billion. The average EPS estimate is $2.79.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 354 members out of 384 rating the stock outperform, and 30 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give China Yuchai International Limited a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on China Yuchai International Limited is hold, with an average price target of $18.50.
Can your portfolio provide you with enough income to last through retirement? You'll need more than China Yuchai International Limited. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Get instant access to this free report.
- Add China Yuchai International Limited to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the 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 don't 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.