Yingli Green Energy Holding Company Limited Second Quarter Earnings Sneak Peek

Yingli Green Energy Holding Company Limited (NYSE:YGE) will unveil its latest earnings on Friday, August 19, 2011. The Company and its subsidiaries are mainly engaged in the design, development, marketing, manufacturing and installation and sale of photovoltaic products in the People’s Republic of China and overseas markets.

Yingli Green Energy Holding Company Limited Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 31 cents per share, a rise of 40.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 39 cents. Between one and three months ago, the average estimate moved down, but has risen from 30 cents during the last month. For the year, analysts are projecting net income of $1.15 per share, a decline of 21.8% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 36 cents per share versus a mean estimate of net income of 39 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 9 cents.

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Wall St. Revenue Expectations: On average, analysts predict $615.2 million in revenue this quarter, a rise of 54.5% from the year ago quarter. Analysts are forecasting total revenue of $2.47 billion for the year, a rise of 30.7% from last year’s revenue of $1.89 billion.

Analyst Ratings: Analysts seem relatively indifferent about Yingli Green Energy Holding Company with 12 of 20 analysts surveyed maintaining a hold rating.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 87%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose more than twofold from the year earlier quarter.

The company’s gross margin shrank by six percentage points in the in the first quarter. Revenue rose 46.9% while cost of sales rose 60% to $383.2 million from a year earlier.

Competitors to Watch: Trina Solar Limited (NYSE:TSL), Suntech Power Hldgs. Co., Ltd. (NYSE:STP), JA Solar Hldgs. Co., Ltd. (NASDAQ:JASO), SunPower Corporation (NASDAQ:SPWRA), First Solar, Inc. (NASDAQ:FSLR), China Sunergy Co., Ltd. (NASDAQ:CSUN), JinkoSolar Holding Co., Ltd. (NYSE:JKS), and Ascent Solar Tech., Inc. (NASDAQ:ASTI).

Stock Price Performance: During May 19, 2011 to August 15, 2011, the stock price had fallen $3.46 (-34.7%) from $9.96 to $6.50. The stock price saw one of its best stretches over the last year between April 21, 2011 and April 29, 2011 when shares rose for six-straight days, rising 8.1% (+94 cents) over that span. It saw one of its worst periods between June 30, 2011 and July 12, 2011 when shares fell for eight-straight days, falling 18.3% (-$1.69) over that span. Shares are down $3.38 (-34.2%) year to date.

(Source: Xignite Financials)

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