The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Crown Holdings met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share grew significantly.
Gross margins contracted, operating margins shrank, net margins expanded.
Crown Holdings booked revenue of $2.04 billion. The nine analysts polled by S&P Capital IQ hoped for net sales of $2.04 billion on the same basis. GAAP reported sales were 1.0% lower than the prior-year quarter's $2.06 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 $0.51. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.54 per share. GAAP EPS of $0.20 for Q4 were 300% higher than the prior-year quarter's $0.05 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 16.1%, 10 basis points worse than the prior-year quarter. Operating margin was 9.2%, 10 basis points worse than the prior-year quarter. Net margin was 1.4%, 100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.99 billion. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $8.82 billion. The average EPS estimate is $3.28.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 133 members out of 140 rating the stock outperform, and seven members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Crown Holdings a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Crown Holdings is outperform, with an average price target of $42.80.
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