The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Accuride beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly. Non-GAAP earnings per share contracted to a loss. GAAP earnings per share shrank to a loss.
Margins shrank across the board.
Accuride reported revenue of $176.3 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $169.1 million on the same basis. GAAP reported sales were 27% lower than the prior-year quarter's $242.5 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 -$0.47. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.40 per share. Non-GAAP EPS were -$0.47 for Q4 compared to $0.11 per share for the prior-year quarter. GAAP EPS were -$3.30 for Q4 compared to $0.09 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 -2.4%, much worse than the prior-year quarter. Operating margin was -9.5%, much worse than the prior-year quarter. Net margin was -88.8%, much worse than the prior-year quarter.
Next quarter's average estimate for revenue is $198.1 million. On the bottom line, the average EPS estimate is -$0.23.
Next year's average estimate for revenue is $842.0 million. The average EPS estimate is -$0.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 33 members out of 41 rating the stock outperform, and eight members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Accuride a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Accuride is outperform, with an average price target of $5.50.
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