Yingli Green Energy Earnings Preview: Company May Still Not Return To Profitability

Shares of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE: YGE) are falling on Thursday, ahead of the announcement of the company’s first quarter financial results, scheduled for Friday morning.

According to Estimize, people are expecting to see a smaller loss than the one registered in the same quarter last year, when the company reported a net loss of ($0.35) per share on revenue of $432.2 million.

For the current quarter, Wall Street analysts are modeling a consensus net loss of ($0.19) per share on revenue of $450.36 million. The crowd is more bearish, and projects a net loss of ($0.28) on revenue of $470.52 million. These estimates imply an amelioration of 20 to 45 percent in earnings, year-over-year.

As it can be seen in the chart above, however, the company has a history of missing estimates.

Related Link: Yingli Energy Gets Dinged After 20-F Filing

It is also interesting to see how sentiment has evolved over time. As seen above, the Street’s consensus has been falling consistently as earnings got closer, and now stand at their lowest during the past three months.

See more from Benzinga

• J M Smucker Earnings Preview: Expected To Deliver Worst Quarter In Years

• Can Cyberonics Really Deliver A Record-Setting Quarter? Crowd & Experts Disagree

• 4 Footwear Stocks Morgan Stanley Is Watching

© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.