Tenaris Beats Analyst Estimates on EPS
Tenaris (NYS: TS) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Tenaris missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased significantly.
Margins grew across the board.
Tenaris reported revenue of $2.62 billion. The eight analysts polled by S&P Capital IQ expected a top line of $2.69 billion on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $2.32 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 $0.75. The nine earnings estimates compiled by S&P Capital IQ predicted $0.66 per share. GAAP EPS of $0.38 for Q1 were 41% higher than the prior-year quarter's $0.27 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 38.4%, 10 basis points better than the prior-year quarter. Operating margin was 21.6%, 260 basis points better than the prior-year quarter. Net margin was 17.0%, 330 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.77 billion. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $11.26 billion. The average EPS estimate is $2.90.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 816 members out of 839 rating the stock outperform, and 23 members rating it underperform. Among 235 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 230 give Tenaris a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tenaris is outperform, with an average price target of $47.30.
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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. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.