Close

NCR Corp. (NCR) Tops Q4 EPS by 1c, Revenues Beat; Offers FY20 EPS Guidance Below Consensus

February 11, 2020 4:11 PM EST

NCR Corp. (NYSE: NCR) reported Q4 EPS of $0.85, $0.01 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.89 billion versus the consensus estimate of $1.75 billion.

  • Fourth quarter revenue of $1.89 billion, up 5% as reported and up 6% constant currency
  • Fourth quarter GAAP diluted EPS of $2.67; Fourth quarter Non-GAAP diluted EPS of $0.85
  • Full year revenue of $6.92 billion, up 8% as reported and up 10% constant currency
  • Full year GAAP diluted EPS of $3.71; Full year Non-GAAP diluted EPS of $2.81
  • Full year cash from operations of $628 million; Full year free cash flow of $275 million
  • Completed acquisition of Zynstra to further enhance our next generation store architecture
  • 2020 guidance announced

“Our fourth quarter results marked a strong finish to the year for NCR where we consistently delivered our revenue and earnings commitments,” said Michael Hayford, President and Chief Executive Officer. “This past year we strengthened our recurring revenue capabilities through our strategic growth platforms, began integrating our payments processing solution and generated year-over-year sales growth in each of our segments. We entered 2020 with strong momentum to accelerate our transition to a software and services-led enterprise and an as-a-Service company. The entire NCR team is aligned behind “NCR as-a-Service” as we look to move closer to our customers and elevate our agility and response to market dynamics. We believe these next steps will further position NCR for sustainable long-term growth as we deliver increased value to customers and help them provide differentiated experiences across their stores, restaurants and self-service banking platforms.”

GUIDANCE:

NCR Corp. sees FY2020 EPS of $2.75-$2.85, versus the consensus of $3.07.

In 2020, our revenue guidance is approximately 0% to 1%. Our non-GAAP diluted earnings per share guidance is $2.75 to $2.85. Non-GAAP diluted earnings per share guidance assumes an effective tax rate of 23% to 24% for 2020 compared to 21% in 2019. Our adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) is expected to be $1.06 billion to $1.10 billion. Additionally, we expect cash flow from operations to be $640 million to $735 million and free cash flow to be $250 million to $300 million. Our guidance includes the impact of our strategic shift to increase recurring revenue, which has a negative impact on our guidance for 2020.

For earnings history and earnings-related data on NCR Corp. (NCR) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Earnings, Guidance, Hot Guidance, Management Comments

Related Entities

Earnings, Definitive Agreement