China Yuchai International
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), China Yuchai International missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share grew significantly.
Margins increased across the board.
China Yuchai International tallied revenue of $492.6 million. The one analyst polled by S&P Capital IQ foresaw a top line of $509.3 million on the same basis. GAAP reported sales were 9.4% lower than the prior-year quarter's $540.2 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 $0.48. The one earnings estimate compiled by S&P Capital IQ forecast $0.20 per share. GAAP EPS of $0.47 for Q3 were 74% higher than the prior-year quarter's $0.27 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 20.2%, 20 basis points better than the prior-year quarter. Operating margin was 7.0%, 220 basis points better than the prior-year quarter. Net margin was 3.6%, 180 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $588.6 million. On the bottom line, the average EPS estimate is $1.08.
Next year's average estimate for revenue is $2.21 billion. The average EPS estimate is $2.27.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 351 members out of 382 rating the stock outperform, and 31 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give China Yuchai International 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 is hold, with an average price target of $13.00.
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