The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FreightCar America whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. GAAP earnings per share shrank to a loss.
Margins dropped across the board.
FreightCar America notched revenue of $116.6 million. The six analysts polled by S&P Capital IQ expected a top line of $136.6 million on the same basis. GAAP reported sales were 38% lower than the prior-year quarter's $187.1 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 -$0.08. The eight earnings estimates compiled by S&P Capital IQ averaged $0.27 per share. GAAP EPS were -$0.08 for Q4 versus $0.71 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 7.0%, 190 basis points worse than the prior-year quarter. Operating margin was 0.0%, 430 basis points worse than the prior-year quarter. Net margin was -0.8%, 530 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $152.7 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $545.7 million. The average EPS estimate is $1.24.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 741 members out of 783 rating the stock outperform, and 42 members rating it underperform. Among 226 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 218 give FreightCar America a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FreightCar America is hold, with an average price target of $22.00.
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