Commercial Vehicle Group
The 10-second takeaway
For the quarter ended June 30 (Q2), Commercial Vehicle Group beat expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded.
Margins increased across the board.
Commercial Vehicle Group notched revenue of $242.7 million. The three analysts polled by S&P Capital IQ predicted revenue of $235.9 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $206.8 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 $0.48. The three earnings estimates compiled by S&P Capital IQ predicted $0.38 per share. GAAP EPS were $0.46 for Q2 versus -$0.08 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 15.4%, 200 basis points better than the prior-year quarter. Operating margin was 7.8%, 220 basis points better than the prior-year quarter. Net margin was 5.4%, 640 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $222.6 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $916.8 million. The average EPS estimate is $1.49.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 61 members out of 98 rating the stock outperform, and 37 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Commercial Vehicle Group a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Commercial Vehicle Group is outperform, with an average price target of $16.67.
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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.