Nordson Beats Analyst Estimates on EPS
Nordson (NAS: NDSN) reported earnings on March 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q1), Nordson met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly, and GAAP earnings per share dropped.
Gross margin increased, operating margin dropped, and net margin shrank.
Nordson booked revenue of $275.8 million. The six analysts polled by S&P Capital IQ wanted to see revenue of $274.1 million on the same basis. GAAP reported sales were 1.8% higher than the prior-year quarter's $271.0 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 $0.62. The eight earnings estimates compiled by S&P Capital IQ forecast $0.60 per share on the same basis. GAAP EPS of $0.58 for Q1 was 13% lower than the prior-year quarter's $0.67 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 61.4%, 10 basis points better than the prior-year quarter. Operating margin was 20.8%, 340 basis points worse than the prior-year quarter. Net margin was 13.9%, 300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $321.2 million. On the bottom line, the average EPS estimate is $0.84.
Next year's average estimate for revenue is $1.25 billion. The average EPS estimate is $3.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 153 members rating the stock outperform and nine members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Nordson a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nordson is hold, with an average price target of $48.40.
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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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