TRW Automotive Holdings
The 10-second takeaway
For the quarter ended March 30 (Q1), TRW Automotive Holdings beat slightly on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly, while GAAP earnings per share contracted significantly.
Margins shrank across the board.
TRW Automotive Holdings logged revenue of $4.21 billion. The five analysts polled by S&P Capital IQ looked for a top line of $4.14 billion on the same basis. GAAP-reported sales were 2.4% higher than the prior-year quarter's $4.11 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 $1.62. The nine earnings estimates compiled by S&P Capital IQ averaged $1.60 per share. GAAP EPS of $1.59 for Q1 were 25% lower than the prior-year quarter's $2.13 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 11.3%, 110 basis points worse than the prior-year quarter. Operating margin was 7.9%, 110 basis points worse than the prior-year quarter. Net margin was 4.9%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $4.28 billion. On the bottom line, the average EPS estimate is $1.65.
Next year's average estimate for revenue is $16.5 billion. The average EPS estimate is $6.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 203 members rating the stock outperform and 51 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 give TRW Automotive Holdings a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TRW Automotive Holdings is outperform, with an average price target of $62.82.
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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.