BorgWarner (NYSE: BWA ) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), BorgWarner met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share grew slightly. GAAP earnings per share contracted.
Margins dropped across the board.
BorgWarner tallied revenue of $1.85 billion. The 15 analysts polled by S&P Capital IQ expected to see sales of $1.83 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 $1.30. The 20 earnings estimates compiled by S&P Capital IQ predicted $1.24 per share. Non-GAAP EPS of $1.30 for Q1 were 1.6% higher than the prior-year quarter's $1.28 per share. GAAP EPS of $1.22 for Q1 were 4.7% lower than the prior-year quarter's $1.28 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 20.2%, 50 basis points worse than the prior-year quarter. Operating margin was 10.7%, 110 basis points worse than the prior-year quarter. Net margin was 7.7%, 60 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.90 billion. On the bottom line, the average EPS estimate is $1.37.
Next year's average estimate for revenue is $7.49 billion. The average EPS estimate is $5.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 406 members out of 440 rating the stock outperform, and 34 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 118 give BorgWarner 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 BorgWarner is outperform, with an average price target of $82.75.
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