Tempur Pedic International (NYS: TPX) reported earnings on Oct. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Tempur Pedic International missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Tempur Pedic International reported revenue of $347.9 million. The 12 analysts polled by S&P Capital IQ predicted revenue of $362.5 million on the same basis. GAAP reported sales were 9.2% lower than the prior-year quarter's $383.1 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 $0.70. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.70 per share. GAAP EPS were -$0.03 for Q3 against $0.90 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 49.2%, 320 basis points worse than the prior-year quarter. Operating margin was 18.2%, 700 basis points worse than the prior-year quarter. Net margin was -0.6%, 1,680 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $354.0 million. On the bottom line, the average EPS estimate is $0.79.
Next year's average estimate for revenue is $1.43 billion. The average EPS estimate is $2.79.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 646 members out of 700 rating the stock outperform, and 54 members rating it underperform. Among 202 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 193 give Tempur Pedic International 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 Tempur Pedic International is hold, with an average price target of $33.67.
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The article Tempur Pedic International Goes Red originally appeared on Fool.com.
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. The Motley Fool owns shares of Tempur-Pedic International. 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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