Materion Whiffs on Earnings
Materion (NYS: MTRN) filed its 10-K on Feb. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Materion missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Materion booked revenue of $334.4 million. The four analysts polled by S&P Capital IQ foresaw a top line of $344.7 million on the same basis. GAAP reported sales were 6.1% lower than the prior-year quarter's $356.0 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 $0.04. The three earnings estimates compiled by S&P Capital IQ forecast $0.06 per share. GAAP EPS of $0.04 for Q4 were 93% lower than the prior-year quarter's $0.60 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 11.8%, 360 basis points worse than the prior-year quarter. Operating margin was 0.8%, 390 basis points worse than the prior-year quarter. Net margin was 0.2%, 330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $351.5 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $1.60 billion. The average EPS estimate is $2.18.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 252 members out of 272 rating the stock outperform, and 20 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 give Materion a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Materion is buy, with an average price target of $34.50.
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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