Astronics Outruns Estimates Again
Astronics (NAS: ATRO) reported earnings on Feb. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Astronics beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved significantly.
Gross margins improved, operating margins grew, and net margins dropped.
Astronics recorded revenue of $61.2 million. The three analysts polled by S&P Capital IQ looked for revenue of $55.6 million. Sales were 18% higher than the prior-year quarter's $51.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.53. The three earnings estimates compiled by S&P Capital IQ averaged $0.41 per share on the same basis. GAAP EPS of $0.40 for Q4 were 18% higher than the prior-year quarter's $0.34 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 28.4%, 440 basis points better than the prior-year quarter. Operating margin was 16.4%, 400 basis points better than the prior-year quarter. Net margin was 8.5%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $59.8 million. On the bottom line, the average EPS estimate is $0.44.
Next year's average estimate for revenue is $244.7 million. The average EPS estimate is $1.83.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 302 members out of 315 rating the stock outperform, and 13 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 82 give Astronics a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Astronics is outperform, with an average price target of $35.50.
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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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