Universal Stainless & Alloy Products' Earnings Beat Last Year's by 28%

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Universal Stainless & Alloy Products (NAS: USAP) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Universal Stainless & Alloy Products missed estimates on revenues and beat slightly on earnings per share.

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


Margins grew across the board.

Revenue details
Universal Stainless & Alloy Products booked revenue of $74.6 million. The one analyst polled by S&P Capital IQ wanted to see net sales of $81.8 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $59.8 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 $0.82. The three earnings estimates compiled by S&P Capital IQ predicted $0.80 per share. GAAP EPS of $0.86 for Q1 were 34% higher than the prior-year quarter's $0.64 per share.

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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 19.1%, 100 basis points better than the prior-year quarter. Operating margin was 13.0%, 130 basis points better than the prior-year quarter. Net margin was 8.4%, 100 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $80.1 million. On the bottom line, the average EPS estimate is $0.90.

Next year's average estimate for revenue is $339.6 million. The average EPS estimate is $3.76.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 392 members out of 412 rating the stock outperform, and 20 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Universal Stainless & Alloy Products a green thumbs-up, and none give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Universal Stainless & Alloy Products is outperform, with an average price target of $55.33.

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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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