Yingli Green Energy Holding Goes Red

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Yingli Green Energy Holding (NYS: YGE) reported earnings on Feb. 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), 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 earnings per share dropped to a loss.

Margins dropped across the board.

Revenue details
Yingli Green Energy Holding chalked up revenue of $408.0 million. The 18 analysts polled by S&P Capital IQ expected to see revenue of $434.1 million on the same basis. GAAP reported sales were 34% lower than the prior-year quarter's $616.7 million.

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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 -$0.19. The 12 earnings estimates compiled by S&P Capital IQ predicted -$0.26 per share on the same basis. GAAP EPS were -$3.87 for Q4 against $0.49 per share for the prior-year quarter.

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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 3.0%, 2,990 basis points worse than the prior-year quarter. Operating margin was -48.1%, 7,130 basis points worse than the prior-year quarter. Net margin was -146.9%, 15,970 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $461.7 million. On the bottom line, the average EPS estimate is -$0.20.

Next year's average estimate for revenue is $2.19 billion. The average EPS estimate is -$0.42.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,612 members out of 1,683 rating the stock outperform, and 71 members rating it underperform. Among 298 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 289 give Yingli Green Energy Holding a green thumbs-up, and nine 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 $4.

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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.

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