Chiquita Brands International
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Chiquita Brands International met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. Non-GAAP loss per share grew. GAAP loss per share increased.
Margins contracted across the board.
Chiquita Brands International logged revenue of $738.0 million. The one analyst polled by S&P Capital IQ expected revenue of $737.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.24. The two earnings estimates compiled by S&P Capital IQ predicted -$0.34 per share. Non-GAAP EPS were -$0.24 for Q4 versus -$0.12 per share for the prior-year quarter. GAAP EPS were -$7.24 for Q4 compared to -$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 9.6%, 60 basis points worse than the prior-year quarter. Operating margin was -2.3%, 150 basis points worse than the prior-year quarter. Net margin was -45.4%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $826.8 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $3.11 billion. The average EPS estimate is $0.80.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 272 members out of 316 rating the stock outperform, and 44 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Chiquita Brands International a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chiquita Brands International is outperform, with an average price target of $12.00.
The rich are different than you and me: They might not notice the moneymaking stories right under our noses. In our new report, "Middle-Class Millionaire-Makers: 3 Stocks Wall Street's Too Rich to Notice," we give you three Peter Lynch-inspired buy-what-you-know stocks for the 99%. Click here for instant access to this free report.
- Add Chiquita Brands International to My Watchlist.