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.
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