Yingli Green Energy Second Quarter Earnings Sneak Peek

Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) will unveil its latest earnings on Wednesday, August 29, 2012. 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 Hold. Co. Ltd. (ADR) Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for a loss of 31 cents per share, a spike from net income of 33 cents in the year-ago quarter. During the past three months, the average estimate has moved down from a loss of 14 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 26 cents during the last month. For the year, analysts are projecting net loss of $1.11 per share, a spike from profit of 71 cents last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported a loss of 25 cents per share versus a mean estimate of net loss of 19 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 58 cents.

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A Look Back: In the first quarter, the company swung to a loss of $45 million (29 cents a share) from a profit of $56.2 million (35 cents) a year earlier, missing analyst expectations. Revenue fell 5.2% to $499.9 million from $527.3 million.

Wall St. Revenue Expectations: Analysts predict a decline of 28.1% in revenue from the year-earlier quarter to $489.4 million.

Stock Price Performance: Between May 30, 2012 and August 23, 2012, the stock price fell 68 cents (-24.9%), from $2.73 to $2.05. The stock price saw one of its best stretches over the last year between April 23, 2012 and May 1, 2012, when shares rose for seven straight days, increasing 12.6% (+43 cents) over that span. It saw one of its worst periods between July 11, 2012 and July 18, 2012 when shares fell for six straight days, dropping 10% (-28 cents) over that span.

Analyst Ratings: There are mostly holds on the stock with nine of 11 analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 0.99 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations. The company improved this liquidity measure from 0.98 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in current assets. Current assets increased 4.2% to $2.11 billion while liabilities rose by 3.2% to $2.12 billion.

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

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