Yingli Green Energy Holding Beats on the Top Line

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 dropped. Non-GAAP loss per share expanded. GAAP loss per share grew.


Margins dropped across the board.

Revenue details
 Yingli Green Energy Holding recorded revenue of $431.4 million. The eight analysts polled by S&P Capital IQ predicted revenue of $387.0 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $499.7 million.

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 -$0.62. The five earnings estimates compiled by S&P Capital IQ predicted -$0.41 per share. Non-GAAP EPS were -$0.62 for Q1 against -$0.24 per share for the prior-year quarter. GAAP EPS were -$0.63 for Q1 compared to -$0.29 per share for the prior-year quarter.

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 4.1%, 370 basis points worse than the prior-year quarter. Operating margin was -12.1%, 780 basis points worse than the prior-year quarter. Net margin was -22.8%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $466.1 million. On the bottom line, the average EPS estimate is -$0.38.

Next year's average estimate for revenue is $1.93 billion. The average EPS estimate is -$1.70.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,535 members out of 1,632 rating the stock outperform, and 97 members rating it underperform. Among 225 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 200 give Yingli Green Energy Holding a green thumbs-up, and 25 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 $2.71.

Is Yingli Green Energy Holding the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.

The article Yingli Green Energy Holding Beats on the Top Line originally appeared on Fool.com.

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. The Motley Fool has no position in any of the stocks mentioned. 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 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement