Cooper Tire & Rubber (NYSE: CTB ) is expected to report Q2 earnings on Thursday. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Cooper Tire & Rubber's revenues will expand 12.4% and EPS will increase 166.7%.
The average estimate for revenue is $1.04 billion. On the bottom line, the average EPS estimate is $0.48.
Last quarter, Cooper Tire & Rubber reported revenue of $984.3 million. GAAP reported sales were 9.1% higher than the prior-year quarter's $901.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.34. GAAP EPS of $0.34 for Q1 were 36% higher than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 10.7%, 170 basis points better than the prior-year quarter. Operating margin was 4.8%, 120 basis points better than the prior-year quarter. Net margin was 2.2%, 50 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $4.25 billion. The average EPS estimate is $2.22.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 201 members rating the stock outperform and 47 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Cooper Tire & Rubber a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cooper Tire & Rubber is outperform, with an average price target of $19.75.
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