Yingli Green Energy Holding Co. Ltd YGE is a leading vertically integrated manufacturer of photovoltaic products in China.
The company 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 113.86%.
Investors should also take into account the recent earnings estimate revisions for Yingli Green. The Zacks Consensus Estimate has remained stable over the last 60 days.
Zacks Rank
Currently, Yingli Green has a Zacks Rank #3 (Hold), but that could definitely change following Yingli Green’s third 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 third quarter loss per share of 27 cents, and the company reported loss of 37 cents per share.
Revenues Miss
Yingli Green posted revenues of $351.5 million in third quarter, compared to our consensus estimate of $407 million.
Key Stats to Note
The company’s shipments of PV modules in the third quarter decreased by 49.0% to 460.4 megawatt (“MW”) year over year.
Check back later for our full write up on Yingli Green earnings report later!
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