The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Cameron International beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins dropped, net margins grew.
Cameron International reported revenue of $2.22 billion. The 19 analysts polled by S&P Capital IQ foresaw a top line of $2.19 billion on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $1.69 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 $0.91. The 24 earnings estimates compiled by S&P Capital IQ anticipated $0.88 per share. GAAP EPS of $0.90 for Q3 were 34% higher than the prior-year quarter's $0.67 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 29.3%, 330 basis points worse than the prior-year quarter. Operating margin was 13.3%, 170 basis points worse than the prior-year quarter. Net margin was 10.1%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.27 billion. On the bottom line, the average EPS estimate is $1.07.
Next year's average estimate for revenue is $8.32 billion. The average EPS estimate is $3.23.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cameron International is outperform, with an average price target of $64.39.
Are you missing a big story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add Cameron International to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. 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.