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.
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