Fuel Systems Solutions
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Fuel Systems Solutions whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share increased.
Margins contracted across the board.
Fuel Systems Solutions reported revenue of $89.6 million. The nine analysts polled by S&P Capital IQ expected to see revenue of $99.7 million on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $99.8 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 -$0.03. The seven earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS were -$0.03 for Q3 compared to -$0.02 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 21.0%, 380 basis points worse than the prior-year quarter. Operating margin was 0.2%, 320 basis points worse than the prior-year quarter. Net margin was -0.7%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $106.7 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $412.7 million. The average EPS estimate is $0.24.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 470 members out of 531 rating the stock outperform, and 61 members rating it underperform. Among 104 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Fuel Systems Solutions a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fuel Systems Solutions is hold, with an average price target of $21.17.
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