Visteon (NYSE: VC ) reported earnings on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Visteon beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew.
Margins expanded across the board.
Visteon logged revenue of $1.82 billion. The five analysts polled by S&P Capital IQ anticipated a top line of $1.71 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $1.73. The five earnings estimates compiled by S&P Capital IQ predicted $0.88 per share. Non-GAAP EPS of $1.73 for Q4 were 90% higher than the prior-year quarter's $0.91 per share. GAAP EPS were $0.74 for Q4 against -$0.51 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 10.9%, 570 basis points better than the prior-year quarter. Operating margin was 5.3%, 410 basis points better than the prior-year quarter. Net margin was 2.1%, 350 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.76 billion. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $7.27 billion. The average EPS estimate is $3.44.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 47 members out of 52 rating the stock outperform, and five 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 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Visteon is buy, with an average price target of $62.00.
The rich are different than you and me: They might not notice the moneymaking stories right under our noses. In our new report, "Middle-Class Millionaire-Makers: 3 Stocks Wall Street's Too Rich to Notice," we give you three Peter Lynch-inspired buy-what-you-know stocks for the 99%. Click here for instant access to this free report.
- Add Visteon to My Watchlist.