Layne Christensen (NAS: LAYN) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q4), Layne Christensen beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Layne Christensen reported revenue of $275.8 million. The five analysts polled by S&P Capital IQ expected a top line of $261.2 million on the same basis. GAAP reported sales were 1.5% higher than the prior-year quarter's $271.8 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 -$0.20. The one earnings estimate compiled by S&P Capital IQ forecast $0.00 per share on the same basis. GAAP EPS were -$4.55 for Q4 versus $0.44 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 20.1%, 340 basis points worse than the prior-year quarter. Operating margin was -2.8%, 640 basis points worse than the prior-year quarter. Net margin was -32.1%, 3,530 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $266.7 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $1.12 billion. The average EPS estimate is $1.61.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 346 members out of 358 rating the stock outperform, and 12 members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Layne Christensen 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 Layne Christensen is hold, with an average price target of $29.33.
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At the time thisarticle 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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