The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Crown Holdings met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Crown Holdings tallied revenue of $2.06 billion. The nine analysts polled by S&P Capital IQ predicted revenue of $2.08 billion. Sales were 5.6% higher than the prior-year quarter's $1.95 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.48. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.48 per share on the same basis. GAAP EPS of $0.05 for Q4 were 83% lower than the prior-year quarter's $0.29 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 16.2%, 80 basis points worse than the prior-year quarter. Operating margin was 9.3%, 10 basis points worse than the prior-year quarter. Net margin was 0.4%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.95 billion. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $8.99 billion. The average EPS estimate is $3.18.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 129 members rating the stock outperform, and seven members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Crown Holdings 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 Crown Holdings is buy, with an average price target of $42.20.
- Add Crown Holdings to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.