Fushi Copperweld Beats on the Top Line
Fushi Copperweld (NAS: FSIN) reported earnings on March 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Fushi Copperweld missed estimates on revenues and earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased.
Gross margins shrank, operating margins dropped, and net margins expanded.
Fushi Copperweld logged revenue of $68.2 million. The three analysts polled by S&P Capital IQ predicted net sales of $70.1 million on the same basis. GAAP reported sales were 2.4% lower than the prior-year quarter's $69.9 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 $0.15. The three earnings estimates compiled by S&P Capital IQ anticipated $0.22 per share. GAAP EPS were $0.15 for Q4 compared to -$0.07 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 24.7%, 710 basis points worse than the prior-year quarter. Operating margin was 13.8%, 900 basis points worse than the prior-year quarter. Net margin was 8.3%, 1,180 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $60.9 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $278.6 million. The average EPS estimate is $0.78.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 262 members out of 287 rating the stock outperform, and 25 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Fushi Copperweld a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fushi Copperweld is outperform, with an average price target of $9.67.
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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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