The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ferro beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP loss per share shrank. GAAP loss per share increased.
Margins dropped across the board.
Ferro notched revenue of $405.9 million. The five analysts polled by S&P Capital IQ foresaw a top line of $394.6 million on the same basis. GAAP reported sales were 8.3% lower than the prior-year quarter's $442.7 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 -$0.07. The five earnings estimates compiled by S&P Capital IQ predicted -$0.05 per share. Non-GAAP EPS were -$0.07 for Q4 against -$0.08 per share for the prior-year quarter. GAAP EPS were -$0.74 for Q4 against -$0.34 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 12.8%, 410 basis points worse than the prior-year quarter. Operating margin was -12.4%, much worse than the prior-year quarter. Net margin was -15.7%, 920 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $444.7 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $1.75 billion. The average EPS estimate is $0.27.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 137 members out of 156 rating the stock outperform, and 19 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Ferro a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ferro is outperform, with an average price target of $4.20.
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