Commercial Vehicle Group Beats on Both Top and Bottom Lines

Before you go, we thought you'd like these...
Before you go close icon

Commercial Vehicle Group (NAS: CVGI) reported earnings on July 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Commercial Vehicle Group beat expectations on revenue and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded.


Margins increased across the board.

Revenue details
Commercial Vehicle Group notched revenue of $242.7 million. The three analysts polled by S&P Capital IQ predicted revenue of $235.9 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $206.8 million.

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 $0.48. The three earnings estimates compiled by S&P Capital IQ predicted $0.38 per share. GAAP EPS were $0.46 for Q2 versus -$0.08 per share for the prior-year quarter.

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 15.4%, 200 basis points better than the prior-year quarter. Operating margin was 7.8%, 220 basis points better than the prior-year quarter. Net margin was 5.4%, 640 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $222.6 million. On the bottom line, the average EPS estimate is $0.34.

Next year's average estimate for revenue is $916.8 million. The average EPS estimate is $1.49.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 61 members out of 98 rating the stock outperform, and 37 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Commercial Vehicle Group a green thumbs-up, and 14 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Commercial Vehicle Group is outperform, with an average price target of $16.67.

Over the decades, small-cap stocks like Commercial Vehicle Group have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.

The article Commercial Vehicle Group Beats on Both Top and Bottom Lines originally appeared on Fool.com.

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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners