FreightCar America Crushes Estimates

FreightCar America (Nasdaq: RAIL  ) reported earnings on Feb. 17. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FreightCar America crushed expectations on revenues and beat expectations on earnings per share.

Compared with the prior-year quarter, revenue expanded significantly and GAAP earnings per share increased.

Margins grew across the board.

Revenue details
FreightCar America logged revenue of $187.1 million. The six analysts polled by S&P Capital IQ predicted net sales of $126.5 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $51.0 million.

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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 $0.71. The six earnings estimates compiled by S&P Capital IQ predicted $0.14 per share. GAAP EPS were $0.71 for Q4 versus -$0.29 per share for the prior-year quarter.

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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 8.9%, 900 basis points better than the prior-year quarter. Operating margin was 4.3%, 1,590 basis points better than the prior-year quarter. Net margin was 4.5%, 1,130 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $194.6 million. On the bottom line, the average EPS estimate is $0.16.

Next year's average estimate for revenue is $708.6 million. The average EPS estimate is $1.35.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 755 members out of 793 rating the stock outperform, and 39 members rating it underperform. Among 247 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 240 give FreightCar America a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FreightCar America is outperform, with an average price target of $28.50.

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Source: http://www.fool.com/investing/general/2012/02/26/freightcar-america-crushes-estimates.aspx

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How Banks Will Use This Week's 3-Year LTRO


This week comes the second and quite possibly last ECB 3-year LTRO, a scheme that allows Eurozone banks to pledge a wide variety of assets in exchange for cheap funding/liquidity.

The first LTRO, carried out in mid-December, is widely credited for having staunched the crisis, as banks used cheap liquidity to buy up sovereign debt with juicy yields.

The apparent success of the scheme initially lead people to conclude that the current LTRO would be even bigger, but since then, expectations have been tamped down quite a bit, and right now the betting seems to be that this one will be a bit smaller.

SocGen has a roundup of how banks -- through media reports and publicly stated intentions -- intend to use this operation.

LTRO

The big beneficiary? Probably italy:

Those in favour – Bankinter, all Italian banks At the other end of the spectrum, we expect all five Italian banks under our coverage (Intesa, Unicredit, Popolare, MPS and UBI), Mediobanca and Bankinter to participate in the 28-29 February LTRO and to do so specifically in order to engage in the carry trade by buying sovereign bonds (in varying degrees). Bankinter stated at their Q4 11 results that they were ‚in the process of building out a specific portfolio of government bonds?. Most Italian banks are yet to report Q4 results, and therefore typically have not made official comments, but it has been widely reported in the press that the banks are likely to engage in the carry trade to some degree.

Click here to see our full LTRO guide >

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Source: http://feedproxy.google.com/~r/businessinsider/~3/TaDLn7MvOu8/how-banks-will-use-this-weeks-3-year-ltro-2012-2

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READ: The Complete List Of Oscar Winners


Academy Awards 2012 Full Winner List:

Now check out all of the Oscar-nominated film trailers here >>

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Source: http://feedproxy.google.com/~r/businessinsider/~3/uuXs6r6vrhw/read-the-complete-list-of-oscar-winners-2012-2

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Really Does Consolidating Debts Ruin Your Credit Rating?

A good online debt consolidation specialist will be somebody who ceredat crd. would like aid credit history . circumstances and so they can provide programs and products that can assist you will enjoy your credit card debt at hand. Having said that, the sole thing a new credit card debt specialist will not be interested [...]

Source: http://www.legaldebthelponline.com/2012/02/26/really-does-consolidating-debts-ruin-your-credit-rating/

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Washington Says Not So Fast To Verizon Spectrum Grab

Now we have Congress actively considering a bill that will allow the auction of TV airwaves which could help solve the spectrum crisis that the wireless industry is currently facing.

Source: http://www.forbes.com/sites/greatspeculations/2012/02/24/washington-says-not-so-fast-to-verizon-spectrum-grab/

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One Thing That's NOT Causing Oil Prices To Surge


Earlier we discussed some of the factors behind the recent surge in oil and gasoline prices.

One thing that's worth emphasizing: The Fed's/cheap money is NOT a compelling culprit.

This is not a minor point, since the country's largest business publication, WSJ, recently editorialized on the subject, saying that it was the Fed's fault.

In a post up this morning, economists James Hamiltion takes issue with WSJ noting how little other commodities have moved at the same time as oil.

Below I've graphed the price of oil along with 9 other commodities that I could find quickly on Webstract. Oil increased 22% in the last 3 months of 2011; the next biggest gainer over this period was copper, which was up less than 4%, and most were actually down over those 3 months. Since the start of this year, the metals have climbed, though their gain is still typically less than half that of oil. Most agricultural commodities are still below their levels of the start of October.

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He also points out this 1-year chart of other various metals:

chart

Again, oil is a clear outlier -- not what you'd expect to see in an environment of inflationary overheating or monetary debasement.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/8M5zQEGFkAw/one-thing-thats-not-causing-oil-prices-to-surge-2012-2

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