The 10-second takeaway
For the quarter ended June 30 (Q2), FreightCar America missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
FreightCar America booked revenue of $181.2 million. The seven analysts polled by S&P Capital IQ looked for a top line of $187.6 million on the same basis. GAAP reported sales were 86% higher than the prior-year quarter's $97.6 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 $0.46. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.57 per share. GAAP EPS of $0.46 for Q2 were much higher than the prior-year quarter's $0.02 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 9.4%, 530 basis points better than the prior-year quarter. Operating margin was 5.2%, 820 basis points better than the prior-year quarter. Net margin was 3.1%, 290 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $160.8 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $711.5 million. The average EPS estimate is $2.11.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 740 members out of 788 rating the stock outperform, and 48 members rating it underperform. Among 206 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 196 give FreightCar America a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FreightCar America is hold, with an average price target of $26.29.
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