Mistras Group Misses Where It Counts
Mistras Group (NYS: MG) reported earnings on April 4. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Feb. 29 (Q3), Mistras Group beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins grew, net margins contracted.
Mistras Group logged revenue of $104.1 million. The seven analysts polled by S&P Capital IQ hoped for revenue of $97.5 million on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $79.2 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 $0.11. The seven earnings estimates compiled by S&P Capital IQ forecast $0.13 per share. GAAP EPS of $0.11 for Q3 were 22% higher than the prior-year quarter's $0.09 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 32.2%, 70 basis points worse than the prior-year quarter. Operating margin was 6.1%, 20 basis points better than the prior-year quarter. Net margin was 2.9%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $124.1 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $432.8 million. The average EPS estimate is $0.81.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 20 members out of 26 rating the stock outperform, and six members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give Mistras Group a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mistras Group is hold, with an average price target of $26.67.
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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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