The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Exide Technologies missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins contracted, net margins expanded.
Exide Technologies logged revenue of $784.1 million. The eight analysts polled by S&P Capital IQ predicted sales of $842.2 million on the same basis. GAAP reported sales were 2.0% lower than the prior-year quarter's $800.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.86. The four earnings estimates compiled by S&P Capital IQ anticipated $0.25 per share on the same basis. GAAP EPS of $0.84 for Q3 were 121% higher than the prior-year quarter's $0.38 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 16.1%, 390 basis points worse than the prior-year quarter. Operating margin was 3.9%, 280 basis points worse than the prior-year quarter. Net margin was 8.7%, 480 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $799.0 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $3.15 billion. The average EPS estimate is $0.36.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 415 members out of 427 rating the stock outperform, and 12 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give Exide Technologies a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exide Technologies is outperform, with an average price target of $6.57.
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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.