The Gory Details on Commercial Vehicle Group's Double Fumble
Commercial Vehicle Group (NAS: CVGI) reported earnings on Oct. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Commercial Vehicle Group missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins dropped, net margins increased.
Commercial Vehicle Group logged revenue of $204.8 million. The three analysts polled by S&P Capital IQ foresaw sales of $222.3 million on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $216.9 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 three earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. GAAP EPS of $1.07 for Q3 were 312% higher than the prior-year quarter's $0.26 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 12.9%, 80 basis points worse than the prior-year quarter. Operating margin was 4.3%, 190 basis points worse than the prior-year quarter. Net margin was 14.9%, 1,150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $210.8 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $912.8 million. The average EPS estimate is $1.53.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 60 members out of 90 rating the stock outperform, and 30 members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Commercial Vehicle Group a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Commercial Vehicle Group is outperform, with an average price target of $11.75.
- Add Commercial Vehicle Group to My Watchlist.
The article The Gory Details on Commercial Vehicle Group's Double Fumble 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 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.