Dana Holding (NYSE: DAN) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Dana Holding missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share contracted significantly. GAAP earnings per share dropped significantly.
Margins contracted across the board.
Revenue details
Dana Holding tallied revenue of $1.68 billion. The 10 analysts polled by S&P Capital IQ predicted sales of $1.75 billion on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $1.98 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.23. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.41 per share. Non-GAAP EPS of $0.23 for Q1 were 30% lower than the prior-year quarter's $0.33 per share. GAAP EPS of $0.19 for Q1 were 42% lower than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 12.8%, 80 basis points worse than the prior-year quarter. Operating margin was 5.5%, 140 basis points worse than the prior-year quarter. Net margin was 2.5%, 100 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $1.81 billion. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $7.08 billion. The average EPS estimate is $1.84.
Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dana Holding is outperform, with an average price target of $19.50.
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