FMC Technologies Meets on Revenues, Misses on EPS
May 7th 2012 1:38PM
Updated May 7th 2012 1:40PM
FMC Technologies (NYS: FTI) reported earnings on April 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), FMC Technologies met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share improved significantly.
Margins dropped across the board.
FMC Technologies notched revenue of $1.40 billion. The 18 analysts polled by S&P Capital IQ looked for net sales of $1.40 billion on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $1.08 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 $0.41. The 23 earnings estimates compiled by S&P Capital IQ anticipated $0.45 per share. GAAP EPS of $0.41 for Q1 were 17% higher than the prior-year quarter's $0.35 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21.0%, 110 basis points worse than the prior-year quarter. Operating margin was 8.8%, 50 basis points worse than the prior-year quarter. Net margin was 7.1%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.49 billion. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $6.15 billion. The average EPS estimate is $2.14.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 500 members out of 523 rating the stock outperform, and 23 members rating it underperform. Among 132 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 127 give FMC Technologies 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 FMC Technologies is hold, with an average price target of $52.48.
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At the time this article was published 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. 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.
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