LMI Aerospace Beats on the Top Line
LMI Aerospace (NAS: LMIA) reported earnings March 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), LMI Aerospace missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased significantly.
Margins improved across the board.
LMI Aerospace recorded revenue of $65.0 million. The four analysts polled by S&P Capital IQ foresaw revenue of $67.0 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $54.7 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 $0.35. The three earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. GAAP EPS of $0.35 for Q4 were 35% higher than the prior-year quarter's $0.26 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 22.3%, 50 basis points better than the prior-year quarter. Operating margin was 8.7%, 230 basis points better than the prior-year quarter. Net margin was 6.3%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $67.5 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $288.6 million. The average EPS estimate is $1.87.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 125 members out of 131 rating the stock outperform, and six members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give LMI Aerospace 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 LMI Aerospace is buy, with an average price target of $27.50.
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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.
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