Cameron International (NYSE: CAM ) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Cameron International missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew.
Gross margins grew, operating margins increased, net margins contracted.
Cameron International logged revenue of $2.12 billion. The 21 analysts polled by S&P Capital IQ anticipated revenue of $2.18 billion on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $1.80 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 $0.70. The 28 earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. Non-GAAP EPS of $0.70 for Q1 were 30% higher than the prior-year quarter's $0.54 per share. GAAP EPS of $0.60 for Q1 were 11% higher than the prior-year quarter's $0.54 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 29.4%, 40 basis points better than the prior-year quarter. Operating margin was 11.3%, 60 basis points better than the prior-year quarter. Net margin was 7.0%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.33 billion. On the bottom line, the average EPS estimate is $0.84.
Next year's average estimate for revenue is $9.73 billion. The average EPS estimate is $3.79.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cameron International is outperform, with an average price target of $74.69.
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