Moog Beats Up on Analysts Yet Again

Moog (NYS: MOG.A) reported earnings on Jan. 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Moog met expectations on revenues and beat expectations on earnings per share.

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

Gross margins grew, operating margins were steady, net margins grew.

Revenue details
Moog booked revenue of $600.6 million. The eight analysts polled by S&P Capital IQ expected net sales of $596.6 million. Sales were 8.3% higher than the prior-year quarter's $554.4 million.


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

EPS details
Non-GAAP EPS came in at $0.80. The seven earnings estimates compiled by S&P Capital IQ forecast $0.75 per share on the same basis. GAAP EPS of $0.82 for Q1 were 9.6% higher than the prior-year quarter's $0.73 per share.


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 30.8%, 110 basis points better than the prior-year quarter. Operating margin was 10.0%, about the same as the prior-year quarter. Net margin was 6.1%, 10 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $615.8 million. On the bottom line, the average EPS estimate is $0.78.

Next year's average estimate for revenue is $2.52 billion. The average EPS estimate is $3.30.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Moog is outperform, with an average price target of $45.67.

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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 don't 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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