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Will Cooper Tire & Rubber Beat These Analyst Estimates?

By Seth Jayson - Updated Apr 7, 2017 at 12:03PM

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Checking expectations

Cooper Tire & Rubber (NYSE: CTB) is expected to report Q3 earnings on Nov. 2. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Cooper Tire & Rubber's revenues will grow 5.7% and EPS will grow 222.2%.

The average estimate for revenue is $1.11 billion. On the bottom line, the average EPS estimate is $0.87.

Revenue details
Last quarter, Cooper Tire & Rubber logged revenue of $1.06 billion. GAAP reported sales were 15% higher than the prior-year quarter's $918.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.82. GAAP EPS of $0.82 for Q2 were 356% higher than the prior-year quarter's $0.18 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 15.0%, 750 basis points better than the prior-year quarter. Operating margin was 9.0%, 640 basis points better than the prior-year quarter. Net margin was 4.9%, 360 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.24 billion. The average EPS estimate is $2.62.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 214 members out of 262 rating the stock outperform, and 48 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Cooper Tire & Rubber 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 Cooper Tire & Rubber is outperform, with an average price target of $21.42.

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