Yingli Green Energy Holding Co. Ltd (YGE) is a leading vertically integrated manufacturer of photovoltaic products in China.
However, the company revealed in its Annual Report with the SEC last month that it may be unable to emerge from “substantial indebtedness”. Importantly, the company has failed to generate profits since 2011. Nevertheless, Yingli Green is working to return to profitability by lowering its operating expenses and manufacturing costs.
Earnings Estimates
Yingli Green delivered negative earnings surprises in three of the last four quarters with an average negative surprise of 81.89%.
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 first 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 first quarter loss per share of 19 cents, and the company reported loss of 32 cents per share.
Revenues Beat
Yingli Green posted revenues of $468.7 million in first quarter, compared to our consensus estimate of $450 million.
Key Stats to Note
The company’s shipments of PV modules in the first quarter increased by more than 19.6% year over year, marking a historically high record of first quarter growth for the company.
Check back later for our full write up on Yingli Green earnings report later!
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