Yingli Green Energy Holding Goes Negative

Seth Jayson, The Motley Fool
Updated

Yingli Green Energy Holding (NYS: YGE) reported earnings on May 30. Here are the numbers you need to know.

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 shrank and GAAP earnings per share dropped to a loss.


Margins shrank across the board.

Revenue details
Yingli Green Energy Holding tallied revenue of $500.0 million. The 18 analysts polled by S&P Capital IQ wanted to see revenue of $452.3 million on the same basis. GAAP reported sales were 5.2% lower than the prior-year quarter's $527.4 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
EPS came in at -$0.29. The 18 earnings estimates compiled by S&P Capital IQ predicted -$0.21 per share. GAAP EPS were -$0.29 for Q1 compared to $0.35 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 7.8%, 1,950 basis points worse than the prior-year quarter. Operating margin was -4.3%, 2,080 basis points worse than the prior-year quarter. Net margin was -9.0%, 1,970 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $492.5 million. On the bottom line, the average EPS estimate is -$0.28.

Next year's average estimate for revenue is $2.06 billion. The average EPS estimate is -$0.88.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,587 members out of 1,656 rating the stock outperform, and 69 members rating it underperform. Among 248 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 235 give Yingli Green Energy Holding a green thumbs-up, and 13 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 $3.97.

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At the time thisarticle 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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