Fuel Systems Solutions
The 10-second takeaway
For the quarter ended March 31 (Q1), Fuel Systems Solutions beat slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. GAAP loss per share contracted.
Gross margins dropped, operating margins grew, net margins expanded.
Fuel Systems Solutions reported revenue of $98.6 million. The six analysts polled by S&P Capital IQ expected sales of $97.0 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 -$0.04. The six earnings estimates compiled by S&P Capital IQ predicted $0.04 per share. GAAP EPS were -$0.04 for Q1 against -$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.
For the quarter, gross margin was 21.9%, 130 basis points worse than the prior-year quarter. Operating margin was 1.2%, 10 basis points better than the prior-year quarter. Net margin was -0.7%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $104.6 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $410.9 million. The average EPS estimate is $0.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 474 members out of 534 rating the stock outperform, and 60 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Fuel Systems Solutions a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fuel Systems Solutions is hold, with an average price target of $19.00.
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