Cascade (NYS: CASC) reported earnings on Thursday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q1), Cascade met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share contracted.
Margins dropped across the board.
Cascade booked revenue of $141.2 million. The four analysts polled by S&P Capital IQ predicted net sales of $141.0 million on the same basis. GAAP reported sales were 3.7% higher than the prior-year quarter's $136.2 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 $1.34. The three earnings estimates compiled by S&P Capital IQ forecast $1.36 per share. GAAP EPS of $1.34 for Q1 were 8.2% lower than the prior-year quarter's $1.46 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 30.7%, 130 basis points worse than the prior-year quarter. Operating margin was 14.6%, 350 basis points worse than the prior-year quarter. Net margin was 10.8%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $141.0 million. On the bottom line, the average EPS estimate is $1.32.
Next year's average estimate for revenue is $558.3 million. The average EPS estimate is $5.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 168 members rating the stock outperform and 11 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Cascade a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cascade is outperform, with an average price target of $65.00.
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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.
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