Toyota Motor Whiffs on Earnings

Toyota Motor (NYSE: TM  ) reported earnings on Feb. 5. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Toyota Motor beat expectations on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share grew.

Gross margins dropped, operating margins shrank, net margins grew.

Revenue details
Toyota Motor logged revenue of $61.49 billion. The 11 analysts polled by S&P Capital IQ looked for sales of $59.91 billion on the same basis. GAAP reported sales were 2.8% lower than the prior-year quarter's $63.23 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.68. The two earnings estimates compiled by S&P Capital IQ predicted $1.32 per share. GAAP EPS of $0.36 for Q3 were 5.9% higher than the prior-year quarter's $0.34 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 13.6%, 160 basis points worse than the prior-year quarter. Operating margin was 2.3%, 340 basis points worse than the prior-year quarter. Net margin was 1.9%, 20 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $61.62 billion. On the bottom line, the average EPS estimate is $1.33.

Next year's average estimate for revenue is $235.29 billion. The average EPS estimate is $6.98.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 3,346 members out of 3,673 rating the stock outperform, and 327 members rating it underperform. Among 898 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 856 give Toyota Motor a green thumbs-up, and 42 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Toyota Motor is outperform, with an average price target of $91.79.

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