FMC Technologies Beats on the Top Line
FMC Technologies (NYS: FTI) reported earnings on Feb. 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FMC Technologies beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins grew, net margins dropped.
Revenue details
FMC Technologies tallied revenue of $1.84 billion. The 21 analysts polled by S&P Capital IQ expected to see revenue of $1.72 billion on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $1.50 billion.
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 $0.57. The 28 earnings estimates compiled by S&P Capital IQ predicted $0.57 per share. GAAP EPS of $0.50 for Q4 were 22% higher than the prior-year quarter's $0.41 per share.
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 10.3%, 1,040 basis points worse than the prior-year quarter. Operating margin was 10.3%, 70 basis points better than the prior-year quarter. Net margin was 6.5%, 10 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $1.56 billion. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $6.68 billion. The average EPS estimate is $2.34.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 511 members out of 532 rating the stock outperform, and 21 members rating it underperform. Among 139 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 133 give FMC Technologies a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FMC Technologies is outperform, with an average price target of $49.19.
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The article FMC Technologies Beats on the Top Line 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. TMFDisclosureHere
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