The 10-second takeaway
For the quarter ended Sep. 30 (Q3), FreightCar America beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share grew.
Margins grew across the board.
FreightCar America logged revenue of $160.6 million. The six analysts polled by S&P Capital IQ wanted to see a top line of $150.7 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $130.1 million.
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 $0.40. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.33 per share. GAAP EPS were $0.40 for Q3 against -$0.20 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 quarter, gross margin was 10.0%, 300 basis points better than the prior-year quarter. Operating margin was 4.9%, 350 basis points better than the prior-year quarter. Net margin was 3.0%, 490 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $145.3 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $773.4 million. The average EPS estimate is $1.90.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 738 members out of 779 rating the stock outperform, and 41 members rating it underperform. Among 210 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 202 give FreightCar America a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FreightCar America is hold, with an average price target of $23.13.
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