Nacco Industries Crushes Earnings Estimates
Nacco Industries (NYS: NC) reported earnings on Feb. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Nacco Industries missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share improved significantly.
Gross margins dropped, operating margins improved, net margins grew.
Nacco Industries reported revenue of $951.3 million. The one analyst polled by S&P Capital IQ expected revenue of $977.5 million on the same basis. GAAP reported sales were 9.8% higher than the prior-year quarter's $866.2 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 $6.47. The one earnings estimate compiled by S&P Capital IQ anticipated $5.17 per share. GAAP EPS of $6.47 for Q4 were 41% higher than the prior-year quarter's $4.59 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 19.0%, 30 basis points worse than the prior-year quarter. Operating margin was 6.0%, 70 basis points better than the prior-year quarter. Net margin was 5.7%, 130 basis points better than the prior-year quarter.
Next year's average estimate for revenue is $3.60 billion. The average EPS estimate is $13.35.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 109 members out of 119 rating the stock outperform, and 10 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Nacco Industries a green thumbs-up, and one give it a red thumbs-down.
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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.