Pool Corp. Beats on Both Top and Bottom Lines
Pool (NAS: POOL) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Pool beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased.
Gross margins dropped, operating margins grew, net margins expanded.
Pool logged revenue of $362.0 million. The seven analysts polled by S&P Capital IQ expected to see a top line of $336.1 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $312.9 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 $0.06. The two earnings estimates compiled by S&P Capital IQ forecast $0.02 per share on the same basis. GAAP EPS were $0.08 for Q1 against -$0.01 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 28.9%, 30 basis points worse than the prior-year quarter. Operating margin was 1.7%, 150 basis points better than the prior-year quarter. Net margin was 1.0%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $764.2 million. On the bottom line, the average EPS estimate is $1.35.
Next year's average estimate for revenue is $1.93 billion. The average EPS estimate is $1.78.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 147 members out of 211 rating the stock outperform, and 64 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Pool a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pool is hold, with an average price target of $40.50.
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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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