Fuel Systems Solutions
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Fuel Systems Solutions beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew significantly, and GAAP earnings per share expanded.
Gross margins dropped, operating margins increased, and net margins grew.
Fuel Systems Solutions chalked up revenue of $111 million. The eight analysts polled by S&P Capital IQ expected to see revenue of $97.9 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $83.1 million.
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 $0.07. The seven earnings estimates compiled by S&P Capital IQ predicted $0.15 per share. GAAP EPS were $0.07 for Q4 compared to -$0.02 per share for 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 21.8%, 10 basis points worse than the prior-year quarter. Operating margin was 0.7%, 370 basis points better than the prior-year quarter. Net margin was 1.3%, 180 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $98.7 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $437.2 million. The average EPS estimate is $0.78.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 467 members rating the stock outperform and 64 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give Fuel Systems Solutions a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fuel Systems Solutions is outperform, with an average price target of $22.50.
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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.