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Accuride Beats on the Top Line

By Seth Jayson - Updated Apr 10, 2017 at 12:45PM

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Just the facts, Fool.

Accuride (NYSE: ACW) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Accuride beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped significantly. GAAP loss per share increased.

Margins dropped across the board.

Revenue details
Accuride tallied revenue of $192.5 million. The two analysts polled by S&P Capital IQ expected to see revenue of $176.8 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $269.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.34. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.23 per share. GAAP EPS were -$0.34 for Q1 compared to -$0.06 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 2.6%, 560 basis points worse than the prior-year quarter. Operating margin was -3.1%, 580 basis points worse than the prior-year quarter. Net margin was -8.3%, 720 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $194.5 million. On the bottom line, the average EPS estimate is -$0.12.

Next year's average estimate for revenue is $805.2 million. The average EPS estimate is -$0.33.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 31 members out of 39 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 $6.88.

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