Yingli Green Energy Holding Company Limited Third Quarter Earnings Sneak Peek

Yingli Green Energy Holding Company Limited (NYSE:YGE) will unveil its latest earnings on Wednesday, November 23, 2011. Yingli Green Energy 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 net income of 3 cents per share, a decline of 93.9% 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 21 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 11 cents during the last month. For the year, analysts are projecting profit of 63 cents per share, a decline of 57.1% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of 33 cents per share against a mean estimate of profit of 29 cents per share. In the first quarter, it missed forecasts by 3 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 34.9% in revenue from the year-earlier quarter to $662.2 million.

Analyst Ratings: Analysts seem relatively indifferent about Yingli Green Energy Holding Company with nine of 16 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 80.9% to $58.1 million (36 cents a share) from $32.1 million (21 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 70.9% to $680.5 million from $398.1 million.

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 61.7%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 78.5% from the year earlier quarter.

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), Hanwha Solarone Co Ltd (HSOL), JinkoSolar Holding Co., Ltd. (NYSE:JKS), and Ascent Solar Tech., Inc. (NASDAQ:ASTI).

Stock Price Performance: During August 24, 2011 to November 17, 2011, the stock price had fallen $2.70 (-44.1%) from $6.12 to $3.42. 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 $6.46 (-65.4%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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