Visteon Goes Red
Visteon (NYS: VC) reported earnings on Feb. 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Visteon met expectations on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Visteon logged revenue of $1.86 billion. The five analysts polled by S&P Capital IQ looked for sales of $1.88 billion on the same basis. GAAP reported sales were 1.5% lower than the prior-year quarter's $1.89 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 $0.91. The two earnings estimates compiled by S&P Capital IQ anticipated $0.94 per share on the same basis. GAAP EPS were -$0.51 for Q4 against $17.72 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 8.0%, 360 basis points worse than the prior-year quarter. Operating margin was 4.0%, 180 basis points worse than the prior-year quarter. Net margin was -1.4%, 4,990 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.84 billion. On the bottom line, the average EPS estimate is $0.91.
Next year's average estimate for revenue is $7.73 billion. The average EPS estimate is $4.15.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 51 members out of 54 rating the stock outperform, and three members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Visteon a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Visteon is outperform, with an average price target of $69.60.
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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.