China Yuchai International
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), China Yuchai International whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue shrank. GAAP earnings per share dropped significantly.
Margins dropped across the board.
China Yuchai International logged revenue of $523.6 million. The one analyst polled by S&P Capital IQ looked for revenue of $625.1 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $594.3 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 $0.94. The one earnings estimate compiled by S&P Capital IQ forecast $1.21 per share. GAAP EPS of $0.94 for Q4 were 40% lower than the prior-year quarter's $1.57 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 24.7%, 300 basis points worse than the prior-year quarter. Operating margin was 11.7%, 440 basis points worse than the prior-year quarter. Net margin was 6.7%, 320 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $620.2 million. On the bottom line, the average EPS estimate is $0.74.
Next year's average estimate for revenue is $2.42 billion. The average EPS estimate is $2.96.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 352 members out of 383 rating the stock outperform, and 31 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give China Yuchai International a green thumbs-up, and six 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 $15.00.
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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 position in any of the stocks mentioned. 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.