China Yuchai International Limited Crushes Earnings Estimates

Before you go, we thought you'd like these...
Before you go close icon

China Yuchai International Limited (NYS: CYD) reported earnings on Feb. 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), China Yuchai International Limited beat expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share contracted significantly.

Margins contracted across the board.

Revenue details
China Yuchai International Limited booked revenue of $594.4 million. The one analyst polled by S&P Capital IQ predicted a top line of $563.6 million on the same basis. GAAP reported sales were 2.4% lower than the prior-year quarter's $609.2 million.

anImage

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $1.19. The one earnings estimate compiled by S&P Capital IQ forecast $0.70 per share on the same basis. GAAP EPS of $1.46 for Q4 were 22% lower than the prior-year quarter's $1.88 per share.

anImage

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 27.7%, 540 basis points worse than the prior-year quarter. Operating margin was 17.0%, 330 basis points worse than the prior-year quarter. Net margin was 9.1%, 240 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $555.6 million. On the bottom line, the average EPS estimate is $0.54.

Next year's average estimate for revenue is $2.42 billion. The average EPS estimate is $2.55.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 350 members out of 386 rating the stock outperform, and 36 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give China Yuchai International Limited a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on China Yuchai International Limited is hold, with an average price target of $15.00.

Can your retirement portfolio provide you with enough income to last? You'll need more than China Yuchai International Limited. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.

At the time this article was published 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. 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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners