Visteon
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Visteon met expectations on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Revenue details
Visteon logged revenue of $1.86 billion. The five analysts polled by S&P Capital IQ looked for sales of $1.88 billion on the same basis. GAAP reported sales were 1.5% lower than the prior-year quarter's $1.89 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Non-GAAP EPS came in at $0.91. The two earnings estimates compiled by S&P Capital IQ anticipated $0.94 per share on the same basis. GAAP EPS were -$0.51 for Q4 against $17.72 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 8.0%, 360 basis points worse than the prior-year quarter. Operating margin was 4.0%, 180 basis points worse than the prior-year quarter. Net margin was -1.4%, 4,990 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $1.84 billion. On the bottom line, the average EPS estimate is $0.91.
Next year's average estimate for revenue is $7.73 billion. The average EPS estimate is $4.15.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 51 members out of 54 rating the stock outperform, and three members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Visteon a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Visteon is outperform, with an average price target of $69.60.
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