BE Aerospace Beats on Both Top and Bottom Lines
BE Aerospace (NAS: BEAV) reported earnings on April 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), BE Aerospace beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased significantly.
Margins grew across the board.
BE Aerospace reported revenue of $747.3 million. The 16 analysts polled by S&P Capital IQ anticipated a top line of $703.3 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $600.2 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 $0.67. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.62 per share. GAAP EPS of $0.67 for Q1 were 37% higher than the prior-year quarter's $0.49 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 37.9%, 80 basis points better than the prior-year quarter. Operating margin was 17.4%, 70 basis points better than the prior-year quarter. Net margin was 9.2%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $732.8 million. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $2.98 billion. The average EPS estimate is $2.78.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 570 members out of 590 rating the stock outperform, and 20 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 163 give BE Aerospace a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BE Aerospace is buy, with an average price target of $52.82.
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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.