Yingli Green Energy Holding
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), 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 loss per share grew.
Margins shrank across the board.
Yingli Green Energy Holding booked revenue of $355.9 million. The 14 analysts polled by S&P Capital IQ hoped for revenue of $372.9 million on the same basis. GAAP reported sales were 47% lower than the prior-year quarter's $667.2 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 -$0.40. The nine earnings estimates compiled by S&P Capital IQ averaged -$0.51 per share. GAAP EPS were -$0.97 for Q3 against -$0.18 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 -22.7%, 3,350 basis points worse than the prior-year quarter. Operating margin was -41.6%, 4,150 basis points worse than the prior-year quarter. Net margin was -42.9%, 3,870 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $385.2 million. On the bottom line, the average EPS estimate is -$0.47.
Next year's average estimate for revenue is $1.74 billion. The average EPS estimate is -$1.79.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,548 members out of 1,631 rating the stock outperform, and 83 members rating it underperform. Among 228 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 209 give Yingli Green Energy Holding a green thumbs-up, and 19 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 $2.49.
Is Yingli Green Energy Holding the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Yingli Green Energy Holding to My Watchlist.
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 positions in the stocks mentioned above. 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.