CIRCOR International Beats Estimates on Top and Bottom Lines
CIRCOR International (NYS: CIR) reported earnings on Feb. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CIRCOR International beat expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins expanded, and net margins improved.
CIRCOR International booked revenue of $217.1 million. The three analysts polled by S&P Capital IQ predicted a top line of $212.8 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $194.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.59. The three earnings estimates compiled by S&P Capital IQ averaged $0.58 per share. GAAP EPS of $0.59 for Q4 were 31% higher than the prior-year quarter's $0.45 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 27.3%, 30 basis points worse than the prior-year quarter. Operating margin was 6.9%, 20 basis points better than the prior-year quarter. Net margin was 4.7%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $214.2 million. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $877.9 million. The average EPS estimate is $2.84.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 133 members out of 137 rating the stock outperform, and four members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give CIRCOR International a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CIRCOR International is outperform, with an average price target of $43.33.
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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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