FMC Technologies (NYSE: FTI ) reported earnings on April 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), FMC Technologies beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share grew.
Margins contracted across the board.
FMC Technologies notched revenue of $1.65 billion. The 22 analysts polled by S&P Capital IQ anticipated net sales of $1.59 billion on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $1.40 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 $0.43. The 28 earnings estimates compiled by S&P Capital IQ forecast $0.47 per share. GAAP EPS of $0.43 for Q1 were 4.9% higher than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 8.5%, much worse than the prior-year quarter. Operating margin was 8.5%, 80 basis points worse than the prior-year quarter. Net margin was 6.2%, 90 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.63 billion. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $6.81 billion. The average EPS estimate is $2.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 509 members out of 530 rating the stock outperform, and 21 members rating it underperform. Among 113 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give FMC Technologies a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FMC Technologies is outperform, with an average price target of $54.83.
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