Park-Ohio Holdings Crushes Earnings Estimates
Park-Ohio Holdings (NAS: PKOH) reported earnings on March 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Park-Ohio Holdings missed estimates on revenue and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded significantly.
Gross margin dropped, operating margin increased, and net margin improved.
Park-Ohio Holdings recorded revenue of $234.6 million. The one analyst polled by S&P Capital IQ wanted to see revenue of $245.4 million on the same basis. GAAP reported sales were 6.4% higher than the prior-year quarter's $220.5 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 $0.64. The one earnings estimate compiled by S&P Capital IQ predicted $0.50 per share on the same basis. GAAP EPS of $1.58 for Q4 were 427% higher than the prior-year quarter's $0.30 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 16.4%, 10 basis points worse than the prior-year quarter. Operating margin was 5.8%, 90 basis points better than the prior-year quarter. Net margin was 8.1%, 650 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $243.1 million. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $2.85.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 133 members out of 140 rating the stock outperform, and seven members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Park-Ohio Holdings 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 Park-Ohio Holdings is buy, with an average price target of $24.00.
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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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