Commercial Vehicle Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Commercial Vehicle Group missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins dropped, net margins increased.
Revenue details
Commercial Vehicle Group logged revenue of $204.8 million. The three analysts polled by S&P Capital IQ foresaw sales of $222.3 million on the same basis. GAAP reported sales were 5.6% lower than the prior-year quarter's $216.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.12. The three earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. GAAP EPS of $1.07 for Q3 were 312% higher than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 12.9%, 80 basis points worse than the prior-year quarter. Operating margin was 4.3%, 190 basis points worse than the prior-year quarter. Net margin was 14.9%, 1,150 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $210.8 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $912.8 million. The average EPS estimate is $1.53.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 60 members out of 90 rating the stock outperform, and 30 members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Commercial Vehicle Group a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Commercial Vehicle Group is outperform, with an average price target of $11.75.
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