The 10-second takeaway
For the quarter ended March 31 (Q1), Terex missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share shrank significantly. GAAP earnings per share increased.
Gross margins expanded, operating margins contracted, net margins increased.
Terex recorded revenue of $1.72 billion. The 13 analysts polled by S&P Capital IQ foresaw sales of $1.82 billion on the same basis. GAAP reported sales were 5.3% lower than the prior-year quarter's $1.82 billion.
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 $0.23. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.29 per share. Non-GAAP EPS of $0.23 for Q1 were 26% lower than the prior-year quarter's $0.31 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.) GAAP EPS of $0.21 for Q1 were 5.0% higher than the prior-year quarter's $0.20 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.0%, 80 basis points better than the prior-year quarter. Operating margin was 4.0%, 20 basis points worse than the prior-year quarter. Net margin was 1.4%, 10 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.19 billion. On the bottom line, the average EPS estimate is $0.86.
Next year's average estimate for revenue is $8.04 billion. The average EPS estimate is $2.61.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Terex is outperform, with an average price target of $37.88.
Is Terex the right retailer for your portfolio? Learn how to maximize your investment income and ""Secure Your Future With 9 Rock-Solid Dividend Stocks,"" including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add Terex to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.