Intermec Goes Negative
Intermec (NYS: IN) reported earnings on Feb. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Intermec missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly, and GAAP earnings per share contracted to a loss.
Gross margins grew, operating margins were steady, and net margins shrank.
Intermec booked revenue of $236.8 million. The five analysts polled by S&P Capital IQ hoped for revenue of $242.6 million. Sales were 18% higher than the prior-year quarter's $200 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.13. The five earnings estimates compiled by S&P Capital IQ anticipated $0.18 per share on the same basis. GAAP EPS were -$0.36 for Q4 against $0.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 41.9%, 220 basis points better than the prior-year quarter. Operating margin was 4.7%, about the same as the prior-year quarter. Net margin was -9.1%, 1,310 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $210.7 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $933.7 million. The average EPS estimate is $0.58.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 105 members rating the stock outperform, and 27 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Intermec a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intermec is outperform, with an average price target of $11.00.
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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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