The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Amerigon beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share grew significantly.
Margins shrank across the board.
Amerigon logged revenue of $131.0 million. The four analysts polled by S&P Capital IQ expected revenue of $121.1 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $28.9 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 $0.34. The four earnings estimates compiled by S&P Capital IQ averaged $0.09 per share on the same basis. GAAP EPS of $0.25 for Q4 were 79% higher than the prior-year quarter's $0.14 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 25.8%, 390 basis points worse than the prior-year quarter. Operating margin was 5.9%, 240 basis points worse than the prior-year quarter. Net margin was 6.5%, 490 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $122.5 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $519.7 million. The average EPS estimate is $0.65.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 234 members out of 247 rating the stock outperform, and 13 members rating it underperform. Among 64 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Amerigon 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 Amerigon is outperform, with an average price target of $20.00.
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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.