The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Cameron International beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Gross margins contracted, operating margins contracted, net margins grew.
Cameron International chalked up revenue of $2.43 billion. The 21 analysts polled by S&P Capital IQ anticipated revenue of $2.38 billion on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $2.03 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 $0.95. The 27 earnings estimates compiled by S&P Capital IQ predicted $0.96 per share. GAAP EPS of $0.88 for Q4 were 120% higher than the prior-year quarter's $0.40 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 28.8%, 80 basis points worse than the prior-year quarter. Operating margin was 12.1%, 80 basis points worse than the prior-year quarter. Net margin was 9.0%, 410 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.20 billion. On the bottom line, the average EPS estimate is $0.84.
Next year's average estimate for revenue is $9.59 billion. The average EPS estimate is $4.05.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cameron International is outperform, with an average price target of $66.50.
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