The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Ferro's revenues will wither -17.7% and EPS will shrink to a loss.
The average estimate for revenue is $449.4 million. On the bottom line, the average EPS estimate is -$0.03.
Last quarter, Ferro logged revenue of $481.5 million. GAAP reported sales were 19% lower than the prior-year quarter's $594.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.05. GAAP EPS were -$0.03 for Q2 versus $0.22 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 preceding quarter, gross margin was 18.4%, 110 basis points worse than the prior-year quarter. Operating margin was 3.1%, 420 basis points worse than the prior-year quarter. Net margin was -0.6%, 390 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.84 billion. The average EPS estimate is $0.08.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 140 members out of 158 rating the stock outperform, and 18 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Ferro a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ferro is outperform, with an average price target of $7.13.
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