The Gory Details on Exide Technologies' Double Miss

Seth Jayson, The Motley Fool
Updated

Exide Technologies (NAS: XIDE) reported earnings on Thursday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q1), Exide Technologies missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP loss per share grew.


Margins dropped across the board.

Revenue details
Exide Technologies reported revenue of $693.4 million. The eight analysts polled by S&P Capital IQ predicted net sales of $742.3 million on the same basis. GAAP reported sales were 6.9% lower than the prior-year quarter's $745.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$1.39. The five earnings estimates compiled by S&P Capital IQ predicted -$0.01 per share. GAAP EPS were -$1.38 for Q1 compared to -$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.

Margin details
For the quarter, gross margin was 13.6%, 210 basis points worse than the prior-year quarter. Operating margin was 0.1%, 180 basis points worse than the prior-year quarter. Net margin was -15.4%, 1,470 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $774.8 million. On the bottom line, the average EPS estimate is -$0.02.

Next year's average estimate for revenue is $3.11 billion. The average EPS estimate is -$1.01.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 414 members rating the stock outperform and 14 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Exide Technologies a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exide Technologies is outperform, with an average price target of $4.93.

The article The Gory Details on Exide Technologies' Double Miss 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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