DXP Enterprises Outruns Estimates Again
DXP Enterprises (NAS: DXPE) reported earnings on Feb. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), DXP Enterprises beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share expanded significantly.
Gross margins shrank, operating margins expanded, net margins expanded.
DXP Enterprises chalked up revenue of $218.4 million. The four analysts polled by S&P Capital IQ predicted revenue of $209.8 million on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $169.7 million.
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 $0.61. The four earnings estimates compiled by S&P Capital IQ averaged $0.53 per share. GAAP EPS of $0.61 for Q4 were 56% higher than the prior-year quarter's $0.39 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 28.7%, 60 basis points worse than the prior-year quarter. Operating margin was 7.3%, 120 basis points better than the prior-year quarter. Net margin was 4.2%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $234.6 million. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $980.0 million. The average EPS estimate is $2.80.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 262 members out of 281 rating the stock outperform, and 19 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 give DXP Enterprises a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DXP Enterprises is buy, with an average price target of $37.25.
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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 ofMotley 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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