EnPro Industries Increases Sales but Misses Estimates on Earnings
EnPro Industries (NYS: NPO) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EnPro Industries beat expectations on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
EnPro Industries logged revenue of $271.4 million. The five analysts polled by S&P Capital IQ looked for revenue of $252.9 million on the same basis. GAAP reported sales were 42% higher than the prior-year quarter's $191.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.37. The four earnings estimates compiled by S&P Capital IQ averaged $0.51 per share on the same basis. GAAP EPS of $0.12 for Q4 were 59% lower than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.8%, 400 basis points worse than the prior-year quarter. Operating margin was 4.7%, 30 basis points worse than the prior-year quarter. Net margin was 1.0%, 230 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $298.2 million. On the bottom line, the average EPS estimate is $0.77.
Next year's average estimate for revenue is $1.21 billion. The average EPS estimate is $3.45.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 53 members out of 58 rating the stock outperform, and five members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give EnPro Industries a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EnPro Industries is buy, with an average price target of $47.83.
Over the decades, small-cap stocks like EnPro Industries have provided market-beating returns, provided they're value-priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add EnPro Industries to My Watchlist.
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.