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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