AAON Whiffs on Revenue
AAON (NAS: AAON) reported earnings on March 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), AAON whiffed on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.
Margins dropped across the board.
AAON notched revenue of $63.4 million. The two analysts polled by S&P Capital IQ predicted revenue of $72.1 million on the same basis. GAAP reported sales were 3.7% lower than the prior-year quarter's $65.8 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 $0.04. The two earnings estimates compiled by S&P Capital IQ anticipated $0.21 per share on the same basis. GAAP EPS of $0.03 for Q4 were 88% lower than the prior-year quarter's $0.24 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 13.6%, 800 basis points worse than the prior-year quarter. Operating margin was 4.8%, 770 basis points worse than the prior-year quarter. Net margin was 1.4%, 740 basis points worse than the prior-year quarter.
On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $297.4 million. The average EPS estimate is $0.84.
The stock has a five-star rating (out of five) at Motley Fool CAPS. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all 91 give AAON a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AAON is hold, with an average price target of $17.00.
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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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