The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FMC Technologies 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 increased significantly.
Gross margins contracted, operating margins grew, net margins dropped.
FMC Technologies tallied revenue of $1.84 billion. The 21 analysts polled by S&P Capital IQ expected to see revenue of $1.72 billion on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $1.50 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 $0.57. The 28 earnings estimates compiled by S&P Capital IQ predicted $0.57 per share. GAAP EPS of $0.50 for Q4 were 22% higher than the prior-year quarter's $0.41 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 10.3%, 1,040 basis points worse than the prior-year quarter. Operating margin was 10.3%, 70 basis points better than the prior-year quarter. Net margin was 6.5%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.56 billion. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $6.68 billion. The average EPS estimate is $2.34.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 511 members out of 532 rating the stock outperform, and 21 members rating it underperform. Among 139 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 133 give FMC Technologies a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FMC Technologies is outperform, with an average price target of $49.19.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. TMFDisclosureHere
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