Bob Evans Farms Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

Bob Evans Farms (NAS: BOBE) reported earnings on June 5. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 27 (Q4), Bob Evans Farms missed slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share increased significantly.


Gross margins dropped, operating margins dropped, net margins grew.

Revenue details
Bob Evans Farms recorded revenue of $413.5 million. The two analysts polled by S&P Capital IQ hoped for a top line of $421.0 million on the same basis. GAAP reported sales were 1.2% lower than the prior-year quarter's $418.7 million.

anImage
anImage

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.80. The three earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. GAAP EPS of $0.76 for Q4 were 27% higher than the prior-year quarter's $0.60 per share.

anImage
anImage

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 36.9%, 50 basis points worse than the prior-year quarter. Operating margin was 6.2%, 180 basis points worse than the prior-year quarter. Net margin was 5.3%, 90 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $411.2 million. On the bottom line, the average EPS estimate is $0.60.

Next year's average estimate for revenue is $1.69 billion. The average EPS estimate is $2.70.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 90 members out of 134 rating the stock outperform, and 44 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Bob Evans Farms a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bob Evans Farms is hold, with an average price target of $40.67.

Can your retirement portfolio provide you with enough income to last? You'll need more than Bob Evans Farms. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.

At the time thisarticle 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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement