Terex Beats Up on Analysts Yet Again
Terex (NYS: TEX) reported earnings on Feb. 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Terex beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and GAAP loss per share contracted.
Margins increased across the board.
Terex chalked up revenue of $1.96 billion. The 13 analysts polled by S&P Capital IQ predicted revenue of $1.88 billion on the same basis. GAAP reported sales were 47% higher than the prior-year quarter's $1.33 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 $0.27. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.25 per share on the same basis. GAAP EPS were -$0.02 for Q4 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 quarter, gross margin was 15.5%, 140 basis points better than the prior-year quarter. Operating margin was 1.6%, 160 basis points better than the prior-year quarter. Net margin was -0.1%, 330 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.79 billion. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $7.93 billion. The average EPS estimate is $1.77.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Terex is outperform, with an average price target of $22.57.
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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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