Rockwell Collins Hits Estimates in Solid Quarter
Rockwell Collins (NYS: COL) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q2), Rockwell Collins met expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share grew.
Margins expanded across the board.
Rockwell Collins reported revenue of $1.16 billion. The 17 analysts polled by S&P Capital IQ hoped for revenue of $1.18 billion on the same basis. GAAP reported sales were 4.5% lower than the prior-year quarter's $1.22 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 $1.09. The 18 earnings estimates compiled by S&P Capital IQ forecast $1.09 per share. GAAP EPS of $1.09 for Q2 were 14% higher than the prior-year quarter's $0.96 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 30.2%, 130 basis points better than the prior-year quarter. Operating margin was 18.4%, 60 basis points better than the prior-year quarter. Net margin was 13.9%, 160 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.24 billion. On the bottom line, the average EPS estimate is $1.17.
Next year's average estimate for revenue is $4.86 billion. The average EPS estimate is $4.44.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 338 members out of 354 rating the stock outperform, and 16 members rating it underperform. Among 105 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give Rockwell Collins 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 Rockwell Collins is outperform, with an average price target of $64.69.
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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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