The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Owens-Illinois met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP loss per share dropped.
Gross margins shrank, operating margins dropped, net margins expanded.
Owens-Illinois chalked up revenue of $1.75 billion. The nine analysts polled by S&P Capital IQ expected to see revenue of $1.74 billion on the same basis. GAAP reported sales were 3.9% lower than the prior-year quarter's $1.82 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 $0.40. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.37 per share. GAAP EPS were -$0.98 for Q4 versus -$4.70 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 15.9%, 80 basis points worse than the prior-year quarter. Operating margin was 6.6%, 190 basis points worse than the prior-year quarter. Net margin was -9.2%, 3,320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.70 billion. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $7.14 billion. The average EPS estimate is $2.82.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 350 members out of 377 rating the stock outperform, and 27 members rating it underperform. Among 102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Owens-Illinois a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Owens-Illinois is outperform, with an average price target of $25.09.
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