Gentherm Increases Sales but Misses Estimates on Earnings
Gentherm (NAS: THRM) reported earnings on Thursday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Gentherm beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share improved.
Gross margins increased, operating margins shrank, and net margins improved.
Gentherm chalked up revenue of $136.2 million. The four analysts polled by S&P Capital IQ expected revenue of $133.4 million on the same basis. GAAP reported sales were 77% higher than the prior-year quarter's $77.1 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 $0.12. The five earnings estimates compiled by S&P Capital IQ averaged $0.15 per share. GAAP EPS were $0.12 for Q2 against -$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 25.1%, 20 basis points better than the prior-year quarter. Operating margin was 6.5%, 60 basis points worse than the prior-year quarter. Net margin was 4.1%, 240 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $138.3 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $547.9 million. The average EPS estimate is $0.75.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 231 members rating the stock outperform and 13 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Gentherm a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gentherm is outperform, with an average price target of $21.33.
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The article Gentherm Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.Seth Jaysonhad 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. The Motley Fool has no positions in the stocks mentioned above. 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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