The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FMC Technologies beat expectations on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share didn't change.
Margins dropped across the board.
FMC Technologies logged revenue of $1.50 billion. The 19 analysts polled by S&P Capital IQ expected to see revenue of $1.43 billion on the same basis. GAAP reported sales were 36% higher than the prior-year quarter's $1.10 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.41. The 26 earnings estimates compiled by S&P Capital IQ averaged $0.51 per share. GAAP EPS of $0.41 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 9.6%, 280 basis points worse than the prior-year quarter. Operating margin was 9.4%, 300 basis points worse than the prior-year quarter. Net margin was 6.6%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.40 billion. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $5.97 billion. The average EPS estimate is $2.29.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 502 members out of 525 rating the stock outperform, and 23 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 157 give FMC Technologies a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FMC Technologies is hold, with an average price target of $50.92.
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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.