Commercial Vehicle Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Commercial Vehicle Group missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Commercial Vehicle Group tallied revenue of $173.4 million. The three analysts polled by S&P Capital IQ expected revenue of $192.3 million on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $225.8 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 -$0.20. The three earnings estimates compiled by S&P Capital IQ anticipated $0.09 per share. GAAP EPS were -$0.20 for Q4 against $0.36 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 9.2%, 560 basis points worse than the prior-year quarter. Operating margin was -1.3%, 850 basis points worse than the prior-year quarter. Net margin was -3.2%, 770 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $211.8 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $881.4 million. The average EPS estimate is $1.16.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 60 members out of 88 rating the stock outperform, and 28 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Commercial Vehicle Group a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Commercial Vehicle Group is outperform, with an average price target of $9.67.
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