The 10-second takeaway
For the quarter ended March 31 (Q1), Cameron International met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved significantly.
Gross margins shrank, operating margins dropped, net margins expanded.
Cameron International reported revenue of $1.80 billion. The 17 analysts polled by S&P Capital IQ looked for sales of $1.81 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $1.50 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 $0.54. The 23 earnings estimates compiled by S&P Capital IQ predicted $0.55 per share. GAAP EPS of $0.54 for Q1 were 26% higher than the prior-year quarter's $0.43 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 29.0%, 50 basis points worse than the prior-year quarter. Operating margin was 10.7%, 60 basis points worse than the prior-year quarter. Net margin was 7.4%, 10 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.00 billion. On the bottom line, the average EPS estimate is $0.73.
Next year's average estimate for revenue is $8.16 billion. The average EPS estimate is $3.26.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cameron International is outperform, with an average price target of $64.65.
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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.