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.
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