Earnings Previews for Yingli Green Energy, China Sunergy

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 |  Includes: CSUN, YGE
by: Robert Weinstein

Yingli Green Energy Hold. Co. Lt (NYSE:YGE) is due to report earnings before the opening bell on Friday, August 19.

Overview
YGE trades an average of 4.34 million shares per day, and has a market cap of $1.03 billion.

Yingli Green Energy Holding Company Limited, together with its subsidiaries, engages in the design, development, manufacture, marketing, sale, and installation of photovoltaic (PV) products in China and internationally. The company was founded in 1998 and is headquartered in Baoding, China.

  • Recent Price: $6.51
  • 52 Week High: $14.29
  • 52 Week Low: $5.00
  • Book Value: $8.65

Estimated earnings are $0.30, a decline of $0.05 from last quarter.

The current trailing twelve months (ttm) P/E ratio is 4.85. Looking at the price movement over the last month, the stock has fallen in price -6.88 %, in the last quarter, it has returned -31.87%, with a one year change of -38.51%.

Compared to the S&P 500 price changes, the price performances are 0.92% vs. the S&P 500 from a month ago, -42.89% vs. the S&P 500 from six months ago, and the year to date difference is -31.30% vs. the S&P 500 price change.

Revenue year-over-year has increased to $1.90 billion for 2010 vs. $1.06 billion for 2009. The bottom line has rising earnings year-over-year of $210.45 million for 2010 vs. $-77.87 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $421.96 million for 2010 vs. $46.66 million for 2009.

Annually, revenue is growing at a rate of 79.25%.
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Gross reported revenue compared to the mean estimate (rounded).

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Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 567.46 M $ 527.31 M $ -40.15 M -7.08%
Dec-10 $ 542.34 M $ 616.09 M $ 73.75 M 13.6%
Sep-10 $ 477.76 M $ 490.88 M $ 13.12 M 2.75%
Jun-10 $ 368.60 M $ 398.09 M $ 29.49 M 8%
Mar-10 $ 352.23 M $ 358.92 M $ 6.69 M 1.9%
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M = millions, B = billions

Reported earnings per share compared to the mean estimate. Differences are rounded.
Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.38 0.35 -0.03 -7.89%
Dec-10 0.44 0.52 0.08 18.18%
Sep-10 0.35 0.44 0.09 25.71%
Jun-10 0.18 0.21 0.03 16.67%
Mar-10 0.22 0.18 -0.04 -18.18%
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(Some one-time items are often excluded in reported EPS)

China Sunergy Co., Ltd. [ADR] (NASDAQ:CSUN) is due to report earnings before the opening bell on Friday, August 19.

Overview
CSUN trades an average of 360 thousand shares per day.

China Sunergy Co., Ltd. designs, develops, manufactures, and sells solar cells and solar modules.The company was founded in 2004 and is headquartered in Nanjing, China.

  • Recent Price: $1.42
  • 52 Week High: $4.98
  • 52 Week Low: $1.09
  • Book Value: $5.16

Estimated earnings are -$0.18, a decline of $0.27 from last quarter.

The current trailing twelve months (ttm) P/E ratio is 7.05. In the last month, the stock has decreased in price -7.50 % , in the last quarter, it has returned -47.13%, with a one year change of -62.95%.

Comparing to the S&P 500 price changes, the price performances are 0.25% vs. the S&P 500 from a month ago, -64.26% vs. the S&P 500 from six months ago, and the year to date difference is -63.03% vs. the S&P 500 price change.

Revenue year-over-year has increased to $517.22 million for 2010 vs. $284.87 million for 2009. The bottom line has rising earnings year-over-year of $51.73 million for 2010 vs. $-10.27 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $65.97 million for 2010 vs. $-15.21 million for 2009.

Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11 $ 191.79 M $ 165.65 M $ -26.14 M -13.63%
Dec-10 $ 174.85 M $ 169.56 M $ -5.29 M -3.03%
Sep-10 $ 120.01 M $ 125.76 M $ 5.75 M 4.79%
Jun-10 $ 118.61 M $ 117.61 M $ -1.00 M -0.84%
Mar-10 $ 91.55 M $ 104.29 M $ 12.74 M 13.92%
Click to enlarge
M = millions, B = billions

Reported earnings per share compared to the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-11 0.12 0.09 -0.03 -25%
Dec-10 0.33 0.37 0.04 12.12%
Sep-10 0.23 0.37 0.14 60.87%
Jun-10 0.18 0.33 0.15 83.33%
Mar-10 0.10 0.13 0.03 30%
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(Some one-time items are often excluded in reported EPS)

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.