Fuel Systems Solutions (NAS: FSYS) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Fuel Systems Solutions beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew significantly, and GAAP earnings per share expanded.
Gross margins dropped, operating margins increased, and net margins grew.
Fuel Systems Solutions chalked up revenue of $111 million. The eight analysts polled by S&P Capital IQ expected to see revenue of $97.9 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $83.1 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 $0.07. The seven earnings estimates compiled by S&P Capital IQ predicted $0.15 per share. GAAP EPS were $0.07 for Q4 compared to -$0.02 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 21.8%, 10 basis points worse than the prior-year quarter. Operating margin was 0.7%, 370 basis points better than the prior-year quarter. Net margin was 1.3%, 180 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $98.7 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $437.2 million. The average EPS estimate is $0.78.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 467 members rating the stock outperform and 64 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give Fuel Systems Solutions a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fuel Systems Solutions is outperform, with an average price target of $22.50.
Over the decades, small-cap stocks like Fuel Systems Solutions have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
Add Fuel Systems Solutions to My Watchlist.
At the time thisarticle 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.