BE Aerospace Beats Analyst Estimates on EPS

BE Aerospace (NAS: BEAV) reported earnings today. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), BE Aerospace met expectations on revenues and beat expectations on earnings per share.

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

Gross margins improved, operating margins dropped, net margins improved.

Revenue details
BE Aerospace booked revenue of $654.7 million. The 18 analysts polled by S&P Capital IQ expected revenue of $656.0 million. Sales were 21% higher than the prior-year quarter's $541.8 million.


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

EPS details
Non-GAAP EPS came in at $0.60. The 15 earnings estimates compiled by S&P Capital IQ anticipated $0.56 per share on the same basis. GAAP EPS of $0.56 for Q4 were 81% higher than the prior-year quarter's $0.31 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 37.0%, 110 basis points better than the prior-year quarter. Operating margin was 16.7%, 10 basis points worse than the prior-year quarter. Net margin was 8.8%, 300 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $672.3 million. On the bottom line, the average EPS estimate is $0.62.

Next year's average estimate for revenue is $2.85 billion. The average EPS estimate is $2.76.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 574 members out of 595 rating the stock outperform, and 21 members rating it underperform. Among 190 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 186 give BE Aerospace 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 BE Aerospace is buy, with an average price target of $46.00.

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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