JA Solar Holdings Goes Negative
JA Solar Holdings (NAS: JASO) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), JA Solar Holdings crushed expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
JA Solar Holdings tallied revenue of $309.1 million. The 10 analysts polled by S&P Capital IQ predicted a top line of $242.7 million on the same basis. GAAP reported sales were 47% lower than the prior-year quarter's $584.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.11. The 10 earnings estimates compiled by S&P Capital IQ predicted -$0.10 per share on the same basis. GAAP EPS were -$0.39 for Q4 against $0.69 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 0.5%, 1,870 basis points worse than the prior-year quarter. Operating margin was -9.5%, 2,480 basis points worse than the prior-year quarter. Net margin was -22.1%, 4,240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $239.9 million. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $1.36 billion. The average EPS estimate is -$0.35.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,643 members out of 1,741 rating the stock outperform, and 98 members rating it underperform. Among 258 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 236 give JA Solar Holdings a green thumbs-up, and 22 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on JA Solar Holdings is underperform, with an average price target of $2.28.
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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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