Wesco Aircraft Holdings Increases Sales but Misses Estimates on Earnings

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Wesco Aircraft Holdings (NYS: WAIR) reported earnings on Jan. 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Wesco Aircraft Holdings missed estimates on revenues and missed estimates on earnings per share.

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


Margins shrank across the board.

Revenue details
Wesco Aircraft Holdings booked revenue of $211.2 million. The six analysts polled by S&P Capital IQ anticipated revenue of $216.8 million on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $192.6 million.

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 $0.25. The five earnings estimates compiled by S&P Capital IQ forecast $0.27 per share. GAAP EPS of $0.19 for Q1 were 30% lower than the prior-year quarter's $0.27 per share.

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 35.1%, 300 basis points worse than the prior-year quarter. Operating margin was 18.6%, 480 basis points worse than the prior-year quarter. Net margin was 8.7%, 330 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $215.3 million. On the bottom line, the average EPS estimate is $0.27.

Next year's average estimate for revenue is $889.4 million. The average EPS estimate is $1.15.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wesco Aircraft Holdings is outperform, with an average price target of $16.11.

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The article Wesco Aircraft Holdings Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.

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. The Motley Fool has no position in any of the stocks mentioned. 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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