Chicago Bridge & Iron Beats Analyst Estimates on EPS
Chicago Bridge & Iron (NYS: CBI) reported earnings on Feb. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Chicago Bridge & Iron met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased.
Margins contracted across the board.
Chicago Bridge & Iron booked revenue of $1.26 billion. The 14 analysts polled by S&P Capital IQ expected sales of $1.25 billion on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $947.9 million.
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 $0.70. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.68 per share. GAAP EPS of $0.70 for Q4 were 11% higher than the prior-year quarter's $0.63 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 11.7%, 200 basis points worse than the prior-year quarter. Operating margin was 7.1%, 180 basis points worse than the prior-year quarter. Net margin was 5.6%, 110 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.29 billion. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $5.58 billion. The average EPS estimate is $3.02.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,324 members out of 1,355 rating the stock outperform, and 31 members rating it underperform. Among 436 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 432 give Chicago Bridge & Iron a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chicago Bridge & Iron is outperform, with an average price target of $48.19.
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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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