The 10-second takeaway
For the quarter ended March 31 (Q1), America Movil met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share shrank. GAAP earnings per share didn't change.
Margins shrank across the board.
America Movil reported revenue of $15.67 billion. The nine analysts polled by S&P Capital IQ anticipated a top line of $15.81 billion 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 $0.56. The seven earnings estimates compiled by S&P Capital IQ forecast $0.49 per share. Non-GAAP EPS of $0.56 for Q1 were 14% lower than the prior-year quarter's $0.65 per share. GAAP EPS of $0.03 were the same as 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 41.5%, 210 basis points worse than the prior-year quarter. Operating margin was 20.0%, 230 basis points worse than the prior-year quarter. Net margin was 13.9%, 300 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $15.61 billion. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $63.72 billion. The average EPS estimate is $1.83.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,659 members out of 1,695 rating the stock outperform, and 36 members rating it underperform. Among 334 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 329 give America Movil a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on America Movil is hold, with an average price target of $25.07.
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