Nordson Misses on the Top and Bottom Lines
Nordson (NAS: NDSN) reported earnings on May 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q2), Nordson missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Nordson chalked up revenue of $315.2 million. The six analysts polled by S&P Capital IQ foresaw revenue of $321.2 million on the same basis. GAAP reported sales were 1.2% lower than the prior-year quarter's $318.9 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 $0.84. The eight earnings estimates compiled by S&P Capital IQ forecast $0.87 per share. GAAP EPS of $0.80 for Q2 were 16% lower than the prior-year quarter's $0.95 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 60.2%, 180 basis points worse than the prior-year quarter. Operating margin was 24.4%, 500 basis points worse than the prior-year quarter. Net margin was 16.5%, 400 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $326.6 million. On the bottom line, the average EPS estimate is $0.86.
Next year's average estimate for revenue is $1.26 billion. The average EPS estimate is $3.24.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 156 members out of 164 rating the stock outperform, and eight members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Nordson 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 Nordson is hold, with an average price target of $58.60.
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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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