| Yingli Green Energy Holding (YGE) Misses on Q2 Earnings | |
| | |
|
Yingli Green Energy Holding Co. Ltd (YGE) is a leading vertically integrated manufacturer of photovoltaic products in China.
The company recently received a notice from NYSE about its non-compliance with the stock exchange’s price criteria for continued listing standard.
Substantial indebtedness along with the company’s inability to report in the green for the past few quarters signals more trouble ahead for the company. Moreover, the pressure on margins is definitely a concern.
Earnings Estimates
Yingli Green delivered negative earnings surprises in three of the last four quarters with an average negative surprise of 89.00%.
Investors should also take into account the recent earnings estimate revisions for Yingli Green. The Zacks Consensus Estimate has remained stable over the last 7 days.
Zacks Rank
Currently, Yingli Green has a Zacks Rank #3 (Hold), but that could definitely change following Yingli Green’s second quarter earnings report which was just released.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Miss
Our consensus called for second quarter loss per share of 21 cents, and the company reported loss of 53 cents per share.
Revenues Miss
Yingli Green posted revenues of $438.1 million in second quarter, compared to our consensus estimate of $501 million.
Key Stats to Note
The company’s shipments of PV modules in the second quarter decreased by 18.0% to 727.9 megawatt (“MW”) year over year.
Check back later for our full write up on Yingli Green earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report YINGLI GREEN EN (YGE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
|
|
|
Yingli Green Energy Holding Co. Ltd.
|
|
|
CODE : YGE |
ISIN : US98584B1035 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Yingli Green is based in China. Yingli Green is listed in Germany and in United States of America. Its market capitalisation is US$ 261.7 millions as of today (€ 224.0 millions). Its stock quote reached its highest recent level on May 15, 2009 at US$ 9.62, and its lowest recent point on November 30, 2012 at US$ 1.25. Yingli Green has 181 764 000 shares outstanding. |