Global Power Equipment Group Whiffs on Revenues
Global Power Equipment Group (NAS: GLPW) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Global Power Equipment Group whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share stayed the same.
Gross margins grew, operating margins expanded, net margins were steady.
Global Power Equipment Group tallied revenue of $104.5 million. The three analysts polled by S&P Capital IQ predicted a top line of $122.5 million on the same basis. GAAP reported sales were 6.4% lower than the prior-year quarter's $111.6 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 $0.05. The four earnings estimates compiled by S&P Capital IQ averaged $0.24 per share. GAAP EPS of $0.05 were the same as 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 15.8%, 270 basis points better than the prior-year quarter. Operating margin was 2.7%, 70 basis points better than the prior-year quarter. Net margin was 0.8%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $132.8 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $513.7 million. The average EPS estimate is $1.05.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 19 members out of 19 rating the stock outperform, and members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Global Power Equipment Group a green thumbs-up, and none give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Global Power Equipment Group is outperform, with an average price target of $31.75.
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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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