FMC Technologies Increases Sales but Misses Estimates on Earnings

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FMC Technologies (NYS: FTI) reported earnings on Feb. 14. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FMC Technologies beat expectations on revenue and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share didn't change.

Margins dropped across the board.

Revenue details
FMC Technologies logged revenue of $1.50 billion. The 19 analysts polled by S&P Capital IQ expected to see revenue of $1.43 billion on the same basis. GAAP reported sales were 36% higher than the prior-year quarter's $1.10 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.41. The 26 earnings estimates compiled by S&P Capital IQ averaged $0.51 per share. GAAP EPS of $0.41 were the same as the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 9.6%, 280 basis points worse than the prior-year quarter. Operating margin was 9.4%, 300 basis points worse than the prior-year quarter. Net margin was 6.6%, 240 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.40 billion. On the bottom line, the average EPS estimate is $0.51.

Next year's average estimate for revenue is $5.97 billion. The average EPS estimate is $2.29.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 502 members out of 525 rating the stock outperform, and 23 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 157 give FMC Technologies a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FMC Technologies is hold, with an average price target of $50.92.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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