Park Electrochemical Whiffs on Earnings

Before you go, we thought you'd like these...
Before you go close icon

Park Electrochemical (NYS: PKE) reported earnings on Dec. 21. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Nov. 27 (Q3), Park Electrochemical missed on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue improved slightly, and earnings per share improved.

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

Revenue details
Park Electrochemical booked revenue of $47 million. The three analysts polled by S&P Capital IQ looked for revenue of $51 million. Sales were 0.8% higher than the prior-year quarter's $47 million

anImage

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $0.26. The three earnings estimates compiled by S&P Capital IQ anticipated $0.32 per share. GAAP EPS of $0.26 for Q3 were 8.3% higher than the prior-year quarter's $0.24 per share.

anImage

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 27.5%, 340 basis points worse than the prior-year quarter. Operating margin was 12.7%, 460 basis points worse than the prior-year quarter. Net margin was 11.4%, 70 basis points better than the prior-year quarter.

anImage

Source: S&P Capital IQ. Quarterly periods.

Source: S&P Capital IQ. Quarterly periods.

Looking ahead
What does the future hold?

Next quarter's average estimate for revenue is $53 million. On the bottom line, the average EPS estimate is $0.38.

Next year's average estimate for revenue is $208 million. The average EPS estimate is $1.37.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 72 members out of 77 rating the stock outperform, and five members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Park Electrochemical a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Park Electrochemical is outperform, with an average price target of $34.00.

At the time this article was published Seth Jaysonhad no position in any company mentioned here at the time of publication. You can view hisstock holdings. He is the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners