XL Group Goes Red
XL Group (NYS: XL) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), XL Group whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped to a loss.
Margins shrank across the board.
XL Group tallied revenue of $1.21 billion. The nine analysts polled by S&P Capital IQ looked for a top line of $1.40 billion on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $1.60 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.25. The 19 earnings estimates compiled by S&P Capital IQ forecast $0.16 per share on the same basis. GAAP EPS were -$1.62 for Q4 compared to $0.57 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 quarter, gross margin was 19.1%, 1,290 basis points worse than the prior-year quarter. Operating margin was 1.3%, 1,440 basis points worse than the prior-year quarter. Net margin was -29.8%, 4,200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.83 billion. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $5.86 billion. The average EPS estimate is $2.18.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 289 members out of 508 rating the stock outperform, and 219 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give XL Group a green thumbs-up, and 58 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on XL Group is outperform, with an average price target of $25.00.
Can your retirement portfolio provide you with enough income to last? You'll need more than XL Group. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add XL Group to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.