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What Awaits Yingli Green Energy (YGE) in Q4 Earnings?
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Yingli Green Energy Holding Company Limited , better known as Yingli Green Energy, is scheduled to report fourth-quarter 2016 results before the opening bell on Apr 13.
Last quarter, the company posted a negative earnings surprise of 67.69%. Let’s see how things are shaping up for this announcement.
Factors to Consider
During the third-quarter earnings call, Yingli Green Energy stated that it expects photovoltaic (PV) module shipments (including shipments to its own downstream PV projects) in the range of 600 megawatts (“MW”) to 670 MW for the fourth quarter. Moreover, the company expects to witness a rebound in shipments of more than 70% in the yet-to-be reported quarter, based on the third quarter’s performance.
Additionally, the company said that it anticipates shipments in core markets to increase in the fourth quarter. While China is projected to comprise over 60% of the total shipment, Japan is likely to comprise about 20%.
However, due to fall in average selling price (“ASP”) globally, Yingli Green Energy projects fourth quarter gross margin to remain almost flat to the level of the third quarter. Again, the pace of reduction in production cost is slightly slower than the decline of the ASP, which might have hindered the increase of gross margin in the fourth quarter.
Yingli Green Energy Holding Company Limited Price and EPS Surprise
Our proven model does not conclusively show that Yingli Green Energy is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: The Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of $1.15. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell -rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Peer Releases
JinkoSolar Holding Co., Ltd. (JKS - Free Report) reported fourth-quarter 2016 non-GAAP earnings per American Depositary Share (ADS) of 88 cents, missing the Zacks Consensus Estimate of $1.33 by 33.8%. The reported figure also declined 62.4% from the year-ago quarter earnings of $2.34 per ADS.
JA Solar Holdings Co., Ltd. posted fourth-quarter 2016 adjusted earnings of 98 cents per diluted American Depositary Share (ADS). The Zacks Consensus Estimate stood at a loss of 7 cents. Earnings improved 96% from 50 cents in the year-ago period.
ReneSola Ltd. (SOL - Free Report) reported a loss of $1.26 per American Depositary Share (“ADS”) in the fourth quarter of 2016, wider than the Zacks Consensus Estimate of a loss of 80 cents. However, the company had reported earnings of 35 cents in the year-ago quarter.
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What Awaits Yingli Green Energy (YGE) in Q4 Earnings?
Yingli Green Energy Holding Company Limited , better known as Yingli Green Energy, is scheduled to report fourth-quarter 2016 results before the opening bell on Apr 13.
Last quarter, the company posted a negative earnings surprise of 67.69%. Let’s see how things are shaping up for this announcement.
Factors to Consider
During the third-quarter earnings call, Yingli Green Energy stated that it expects photovoltaic (PV) module shipments (including shipments to its own downstream PV projects) in the range of 600 megawatts (“MW”) to 670 MW for the fourth quarter. Moreover, the company expects to witness a rebound in shipments of more than 70% in the yet-to-be reported quarter, based on the third quarter’s performance.
Additionally, the company said that it anticipates shipments in core markets to increase in the fourth quarter. While China is projected to comprise over 60% of the total shipment, Japan is likely to comprise about 20%.
However, due to fall in average selling price (“ASP”) globally, Yingli Green Energy projects fourth quarter gross margin to remain almost flat to the level of the third quarter. Again, the pace of reduction in production cost is slightly slower than the decline of the ASP, which might have hindered the increase of gross margin in the fourth quarter.
Yingli Green Energy Holding Company Limited Price and EPS Surprise
Yingli Green Energy Holding Company Limited Price and EPS Surprise | Yingli Green Energy Holding Company Limited Quote
Earnings Whispers
Our proven model does not conclusively show that Yingli Green Energy is likely to beat estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. But that is not the case here, as you will see below.
Zacks ESP: The Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at a loss of $1.15. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Yingli Green Energy carries a Zacks Rank #3, which when combined with an ESP of 0.00% makes surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank stocks here.
Note that we caution against stocks with a Zacks Rank #4 or 5 (Sell -rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Peer Releases
JinkoSolar Holding Co., Ltd. (JKS - Free Report) reported fourth-quarter 2016 non-GAAP earnings per American Depositary Share (ADS) of 88 cents, missing the Zacks Consensus Estimate of $1.33 by 33.8%. The reported figure also declined 62.4% from the year-ago quarter earnings of $2.34 per ADS.
JA Solar Holdings Co., Ltd. posted fourth-quarter 2016 adjusted earnings of 98 cents per diluted American Depositary Share (ADS). The Zacks Consensus Estimate stood at a loss of 7 cents. Earnings improved 96% from 50 cents in the year-ago period.
ReneSola Ltd. (SOL - Free Report) reported a loss of $1.26 per American Depositary Share (“ADS”) in the fourth quarter of 2016, wider than the Zacks Consensus Estimate of a loss of 80 cents. However, the company had reported earnings of 35 cents in the year-ago quarter.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>