Yingli Green Energy (YGE) Earnings: What to Expect

NEW YORK (TheStreet) -- Yingli Green Energy (YGE) announced Tuesday it will announce its first-quarter financial results for the quarter ended March before markets open Tuesday, June 17. 

Analysts surveyed by Thomson Reuters anticipate the company to report adjusted net losses of 24 cents a share, or $36.93 million, over the three months to March. In the year-ago quarter, the company reported a far-wider net loss of 63 cents a share, or $98.5 million. Gross margins are expected to have improved to 15.5% from 4.14% as cost savings boost profitability. 

Revenue estimates of $464.04 million represent a 7.5% increase over the year-ago quarter's $431.39 million in sales. 

By midday in Tuesday's session, Yingli shares have tumbled 7.6% to $2.90.

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Separately, TheStreet Ratings team rates YINGLI GREEN ENERGY HLDGS CO as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate YINGLI GREEN ENERGY HLDGS CO (YGE) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and poor profit margins."

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