The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Dana Holding missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins grew, net margins contracted.
Dana Holding reported revenue of $1.72 billion. The 10 analysts polled by S&P Capital IQ predicted revenue of $1.82 billion on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $1.95 billion.
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 $0.34. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.47 per share. GAAP EPS of $0.26 for Q3 were 49% lower than the prior-year quarter's $0.51 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 13.9%, 200 basis points better than the prior-year quarter. Operating margin was 7.1%, 190 basis points better than the prior-year quarter. Net margin was 3.3%, 230 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.82 billion. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $7.55 billion. The average EPS estimate is $1.91.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dana Holding is outperform, with an average price target of $18.36.
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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. TMFDisclosureHere