The Gory Details of Ternium's Earnings Miss
Ternium (NYS: TX) reported earnings on Feb. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ternium beat slightly on revenues and whiffed on earnings per share.
Compared with the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins grew across the board.
Ternium booked revenue of $2.20 billion. The five analysts polled by S&P Capital IQ expected sales of $2.16 billion on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $1.93 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.53. The four earnings estimates compiled by S&P Capital IQ predicted $0.65 per share. GAAP EPS of $0.53 for Q4 were 36% higher than the prior-year quarter's $0.39 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 20.8%, 460 basis points better than the prior-year quarter. Operating margin was 12.4%, 490 basis points better than the prior-year quarter. Net margin was 4.8%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.23 billion. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $9.15 billion. The average EPS estimate is $3.20.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 502 members out of 527 rating the stock outperform, and 25 members rating it underperform. Among 182 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 179 give Ternium a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ternium is outperform, with an average price target of $34.18.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Ternium. Learn how to maximize your investment income and "Secure Your Future With 11 Rock-Solid Dividend Stocks." Get instant access to this free report.
- Add Ternium to My Watchlist.
At the time this article was published
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.