The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Terex missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share shrank significantly. GAAP loss per share increased.
Gross margins increased, operating margins contracted, net margins contracted.
Terex notched revenue of $1.70 billion. The 15 analysts polled by S&P Capital IQ expected net sales of $1.83 billion on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $1.96 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 $0.19. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.40 per share. Non-GAAP EPS of $0.19 for Q4 were 30% lower than the prior-year quarter's $0.27 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.) GAAP EPS were -$0.30 for Q4 versus -$0.03 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 18.1%, 130 basis points better than the prior-year quarter. Operating margin was 1.6%, 140 basis points worse than the prior-year quarter. Net margin was -2.0%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.80 billion. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $7.83 billion. The average EPS estimate is $2.66.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Terex is outperform, with an average price target of $26.53.
Is Terex the right retailer for your portfolio? Learn how to maximize your investment income and ""Secure Your Future With 9 Rock-Solid Dividend Stocks,"" including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add Terex to My Watchlist.