Will These Numbers from Commercial Vehicle Group Be Good Enough for You?
Commercial Vehicle Group (NAS: CVGI) is expected to report Q2 earnings on July 22. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Commercial Vehicle Group's revenues will drop -18.2% and EPS will wither -79.2%.
The average estimate for revenue is $198.7 million. On the bottom line, the average EPS estimate is $0.10.
Last quarter, Commercial Vehicle Group reported revenue of $177.8 million. GAAP reported sales were 25% lower than the prior-year quarter's $237.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at -$0.16. GAAP EPS were -$0.16 for Q1 against $0.42 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 10.2%, 530 basis points worse than the prior-year quarter. Operating margin was -0.2%, 800 basis points worse than the prior-year quarter. Net margin was -2.6%, 770 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $829.7 million. The average EPS estimate is $0.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 62 members out of 89 rating the stock outperform, and 27 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Commercial Vehicle Group a green thumbs-up, and five 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 $10.00.
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The article Will These Numbers from Commercial Vehicle Group Be Good Enough for You? 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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. 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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