The Gory Details of National Presto Industries' Earnings Miss
National Presto Industries (NYS: NPK) reported earnings on May 11. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), National Presto Industries whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Gross margins increased, operating margins shrank, net margins dropped.
National Presto Industries logged revenue of $96.8 million. The one analyst polled by S&P Capital IQ anticipated revenue of $110.8 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $108.9 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 $1.36. The one earnings estimate compiled by S&P Capital IQ averaged $1.63 per share. GAAP EPS of $1.36 for Q1 were 18% lower than the prior-year quarter's $1.65 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 21.0%, 80 basis points better than the prior-year quarter. Operating margin was 15.1%, 60 basis points worse than the prior-year quarter. Net margin was 9.7%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $110.4 million. On the bottom line, the average EPS estimate is $1.85.
Next year's average estimate for revenue is $464.9 million. The average EPS estimate is $7.74.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 599 members out of 609 rating the stock outperform, and 10 members rating it underperform. Among 183 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 181 give National Presto Industries a green thumbs-up, and two give it a red thumbs-down.
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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 National Presto Industries. 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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