The 10-second takeaway
For the quarter ended March 31 (Q1), Viasystems Group beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share contracted to a loss.
Gross margins increased, operating margins dropped, net margins dropped.
Viasystems Group reported revenue of $262.0 million. The one analyst polled by S&P Capital IQ expected to see revenue of $257.6 million on the same basis. GAAP reported sales were 9.8% higher than the prior-year quarter's $238.7 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 $0.32. The one earnings estimate compiled by S&P Capital IQ averaged $0.26 per share. GAAP EPS were -$0.23 for Q1 against $0.17 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 19.5%, 40 basis points better than the prior-year quarter. Operating margin was 4.6%, 20 basis points worse than the prior-year quarter. Net margin was -1.8%, 330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $280.8 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $1.18 billion. The average EPS estimate is $1.47.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Viasystems Group is outperform, with an average price target of $24.00.
Over the decades, small-cap stocks, like Viasystems Group have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add Viasystems Group to My Watchlist.
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.