CIRCOR International Beats Estimates on Top and Bottom Lines

Seth Jayson, The Motley Fool
Updated

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.

Revenue details
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.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
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.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
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.

Looking ahead
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.

Investor sentiment
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 thisarticle 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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