Wesco Aircraft Holdings Beats on Revenue, Matches Expectations on EPS
Wesco Aircraft Holdings (NYS: WAIR) reported earnings on July 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q3), Wesco Aircraft Holdings beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share expanded significantly.
Gross margins increased, operating margins grew, net margins dropped.
Wesco Aircraft Holdings reported revenue of $230.2 million. The nine analysts polled by S&P Capital IQ expected to see a top line of $226.5 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $189.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.31. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. Non-GAAP EPS of $0.31 for Q3 were 29% higher than the prior-year quarter's $0.24 per share. GAAP EPS of $0.28 for Q3 were 22% higher than the prior-year quarter's $0.23 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 35.6%, 10 basis points better than the prior-year quarter. Operating margin was 20.0%, 10 basis points better than the prior-year quarter. Net margin was 11.7%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $232.7 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $897.6 million. The average EPS estimate is $1.19.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wesco Aircraft Holdings is hold, with an average price target of $17.15.
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The article Wesco Aircraft Holdings Beats on Revenue, Matches Expectations on EPS 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 of Motley Fool Hidden Gems, which provides new small-cap ideas every month. 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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