Exide Technologies Misses on Revenues but Beats on EPS
Exide Technologies (NAS: XIDE) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Exide Technologies missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins contracted, net margins expanded.
Exide Technologies logged revenue of $784.1 million. The eight analysts polled by S&P Capital IQ predicted sales of $842.2 million on the same basis. GAAP reported sales were 2.0% lower than the prior-year quarter's $800.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.86. The four earnings estimates compiled by S&P Capital IQ anticipated $0.25 per share on the same basis. GAAP EPS of $0.84 for Q3 were 121% higher than the prior-year quarter's $0.38 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 16.1%, 390 basis points worse than the prior-year quarter. Operating margin was 3.9%, 280 basis points worse than the prior-year quarter. Net margin was 8.7%, 480 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $799.0 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $3.15 billion. The average EPS estimate is $0.36.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 415 members out of 427 rating the stock outperform, and 12 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give Exide Technologies 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 Exide Technologies is outperform, with an average price target of $6.57.
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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.
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