Commercial Vehicle Group
The 10-second takeaway
For the quarter ended March 31 (Q1), Commercial Vehicle Group whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly. GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Commercial Vehicle Group reported revenue of $177.8 million. The three analysts polled by S&P Capital IQ expected to see a top line of $199.3 million on the same basis. GAAP reported sales were 25% lower than the prior-year quarter's $237.0 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 -$0.16. The three earnings estimates compiled by S&P Capital IQ averaged $0.02 per share. GAAP EPS were -$0.16 for Q1 versus $0.42 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 10.2%, 530 basis points worse than the prior-year quarter. Operating margin was -0.2%, 800 basis points worse than the prior-year quarter. Net margin was -2.6%, 770 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $198.7 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $830.4 million. The average EPS estimate is $0.34.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 62 members out of 92 rating the stock outperform, and 30 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Commercial Vehicle Group a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Commercial Vehicle Group is outperform, with an average price target of $10.00.
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