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.
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