Yingli Green Energy Holding
The 10-second takeaway
For the quarter ended March 31 (Q1), Yingli Green Energy Holding beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP loss per share expanded. GAAP loss per share grew.
Margins dropped across the board.
Yingli Green Energy Holding recorded revenue of $431.4 million. The eight analysts polled by S&P Capital IQ predicted revenue of $387.0 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $499.7 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 -$0.62. The five earnings estimates compiled by S&P Capital IQ predicted -$0.41 per share. Non-GAAP EPS were -$0.62 for Q1 against -$0.24 per share for the prior-year quarter. GAAP EPS were -$0.63 for Q1 compared to -$0.29 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 4.1%, 370 basis points worse than the prior-year quarter. Operating margin was -12.1%, 780 basis points worse than the prior-year quarter. Net margin was -22.8%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $466.1 million. On the bottom line, the average EPS estimate is -$0.38.
Next year's average estimate for revenue is $1.93 billion. The average EPS estimate is -$1.70.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,535 members out of 1,632 rating the stock outperform, and 97 members rating it underperform. Among 225 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 200 give Yingli Green Energy Holding a green thumbs-up, and 25 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 $2.71.
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