Houston Wire & Cable Meets on Revenues, Misses on EPS
Houston Wire & Cable (NAS: HWCC) reported earnings on May 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Houston Wire & Cable met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank.
Gross margins increased, operating margins dropped, net margins dropped.
Houston Wire & Cable reported revenue of $94.5 million. The three analysts polled by S&P Capital IQ expected to see revenue of $95.1 million on the same basis. GAAP reported sales were 5.3% lower than the prior-year quarter's $99.7 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 $0.23. The one earnings estimate compiled by S&P Capital IQ predicted $0.27 per share. GAAP EPS of $0.23 for Q1 were 15% lower than the prior-year quarter's $0.27 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 22.4%, 10 basis points better than the prior-year quarter. Operating margin was 7.2%, 100 basis points worse than the prior-year quarter. Net margin was 4.3%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $99.6 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $400.2 million. The average EPS estimate is $0.97.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 465 members out of 482 rating the stock outperform, and 19 members rating it underperform. Among 132 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 128 give Houston Wire & Cable a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Houston Wire & Cable is outperform, with an average price target of $16.50.
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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. The Motley Fool owns shares of Houston Wire & Cable. 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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