The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Rockwell Collins met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly, and earnings per share shrank.
Gross margins expanded, operating margins increased, net margins contracted.
Rockwell Collins logged revenue of $1.1 billion. The 16 analysts polled by S&P Capital IQ looked for sales of $1.1 billion. Sales were 1.4% lower than the prior-year quarter's $1.1 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.86. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.84 per share. GAAP EPS of $0.86 for Q1 were 10% lower than the prior-year quarter's $0.96 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 29.3%, 90 basis points better than the prior-year quarter. Operating margin was 17.9%, 70 basis points better than the prior-year quarter. Net margin was 11.9%, 170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.2 billion. On the bottom line, the average EPS estimate is $1.10.
Next year's average estimate for revenue is $5.0 billion. The average EPS estimate is $4.49.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 343 members out of 360 rating the stock outperform, and 17 members rating it underperform. Among 113 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 110 give Rockwell Collins a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rockwell Collins is outperform, with an average price target of $63.65.
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