Yingli Green Energy Holding Earnings: Here’s Why Investors are Happy Now
Yingli Green Energy Holding Co. Ltd. (NYSE:YGE) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.89%.
Yingli Green Energy Holding Co. Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.62 in the quarter versus EPS of $-0.29 in the year-earlier quarter.
Revenue: Decreased 13.73% to $431.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Yingli Green Energy Holding Co. Ltd. reported adjusted EPS loss of $0.62 per share. By that measure, the company missed the mean analyst estimate of $-0.42. It beat the average revenue estimate of $390.91 million.
Quoting Management: “We are pleased to conclude another quarter with higher than expected shipment volumes and improved gross margin, which we believe further strengthened our leadership position in the global PV market,” commented Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy.
Key Stats (on next page)…
Revenue decreased 0% from $0 in the previous quarter. EPS increased to $-0.62 in the quarter versus EPS of $-1.07 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.37 to a loss $0.39. For the current year, the average estimate has moved down from a loss of $1.41 to a loss of $1.52 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)