TRW Automotive Holdings Beats on Revenue, Matches Expectations on EPS
TRW Automotive Holdings (NYS: TRW) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q1), TRW Automotive Holdings beat slightly on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly, while GAAP earnings per share contracted significantly.
Margins shrank across the board.
TRW Automotive Holdings logged revenue of $4.21 billion. The five analysts polled by S&P Capital IQ looked for a top line of $4.14 billion on the same basis. GAAP-reported sales were 2.4% higher than the prior-year quarter's $4.11 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 $1.62. The nine earnings estimates compiled by S&P Capital IQ averaged $1.60 per share. GAAP EPS of $1.59 for Q1 were 25% lower than the prior-year quarter's $2.13 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 11.3%, 110 basis points worse than the prior-year quarter. Operating margin was 7.9%, 110 basis points worse than the prior-year quarter. Net margin was 4.9%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $4.28 billion. On the bottom line, the average EPS estimate is $1.65.
Next year's average estimate for revenue is $16.5 billion. The average EPS estimate is $6.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 203 members rating the stock outperform and 51 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 give TRW Automotive Holdings a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TRW Automotive Holdings is outperform, with an average price target of $62.82.
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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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