The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Fushi Copperweld missed estimates on revenues and earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased.
Gross margins shrank, operating margins dropped, and net margins expanded.
Fushi Copperweld logged revenue of $68.2 million. The three analysts polled by S&P Capital IQ predicted net sales of $70.1 million on the same basis. GAAP reported sales were 2.4% lower than the prior-year quarter's $69.9 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 $0.15. The three earnings estimates compiled by S&P Capital IQ anticipated $0.22 per share. GAAP EPS were $0.15 for Q4 compared to -$0.07 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 24.7%, 710 basis points worse than the prior-year quarter. Operating margin was 13.8%, 900 basis points worse than the prior-year quarter. Net margin was 8.3%, 1,180 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $60.9 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $278.6 million. The average EPS estimate is $0.78.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 262 members out of 287 rating the stock outperform, and 25 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Fushi Copperweld a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fushi Copperweld is outperform, with an average price target of $9.67.
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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.