Federal-Mogul (Nasdaq: FDML ) reported earnings on Oct. 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Federal-Mogul missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Federal-Mogul tallied revenue of $1.60 billion. The two analysts polled by S&P Capital IQ expected to see sales of $1.68 billion on the same basis. GAAP reported sales were 7.5% lower than the prior-year quarter's $1.73 billion.
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 -$0.06. The two earnings estimates compiled by S&P Capital IQ predicted $0.25 per share. GAAP EPS were -$0.11 for Q3 against $0.34 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 13.2%, 270 basis points worse than the prior-year quarter. Operating margin was 1.5%, 380 basis points worse than the prior-year quarter. Net margin was -0.7%, 270 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.55 billion. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $6.72 billion. The average EPS estimate is $0.90.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 46 members out of 73 rating the stock outperform, and 27 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Federal-Mogul a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Federal-Mogul is outperform, with an average price target of $12.00.
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