Commercial Vehicle Group Beats on Both Top and Bottom Lines
Commercial Vehicle Group (NAS: CVGI) reported earnings May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Commercial Vehicle Group beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Margins expanded across the board.
Commercial Vehicle Group notched revenue of $237.0 million. The three analysts polled by S&P Capital IQ wanted to see net sales of $231.1 million on the same basis. GAAP reported sales were 30% higher than the prior-year quarter's $182.5 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 $0.42. The three earnings estimates compiled by S&P Capital IQ forecast $0.28 per share. GAAP EPS of $0.42 for Q1 were 250% higher than the prior-year quarter's $0.12 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 15.5%, 200 basis points better than the prior-year quarter. Operating margin was 7.8%, 300 basis points better than the prior-year quarter. Net margin was 5.1%, 330 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $239.5 million. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $943.5 million. The average EPS estimate is $1.41.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 65 members rating the stock outperform and 42 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Commercial Vehicle Group a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Commercial Vehicle Group is outperform, with an average price target of $17.33.
Over the decades, small-cap stocks, like Commercial Vehicle Group 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 Commercial Vehicle Group to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.