Yingli Green Energy Holding (NYS: YGE) reported earnings on Aug. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Yingli Green Energy Holding met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank to a loss.
Margins contracted across the board.
Yingli Green Energy Holding reported revenue of $488.5 million. The 16 analysts polled by S&P Capital IQ hoped for a top line of $487.5 million on the same basis. GAAP reported sales were 28% lower than the prior-year quarter's $680.3 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 -$0.55. The 11 earnings estimates compiled by S&P Capital IQ anticipated -$0.35 per share. GAAP EPS were -$0.58 for Q2 versus $0.36 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 4.6%, 1,750 basis points worse than the prior-year quarter. Operating margin was -10.5%, 2,250 basis points worse than the prior-year quarter. Net margin was -18.5%, 2,700 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $394.8 million. On the bottom line, the average EPS estimate is -$0.52.
Next year's average estimate for revenue is $1.75 billion. The average EPS estimate is -$1.79.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,571 members out of 1,650 rating the stock outperform, and 79 members rating it underperform. Among 226 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 208 give Yingli Green Energy Holding a green thumbs-up, and 18 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 $3.46.
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The article Yingli Green Energy Holding Goes Red originally appeared on Fool.com.
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