Park Electrochemical (NYS: PKE) reported earnings on June 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 27 (Q1), Park Electrochemical met expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.
Margins shrank across the board.
Park Electrochemical notched revenue of $46.0 million. The three analysts polled by S&P Capital IQ foresaw a top line of $46.0 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $51.8 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 $0.24. The three earnings estimates compiled by S&P Capital IQ predicted $0.24 per share. GAAP EPS of $0.24 for Q1 were 31% lower than the prior-year quarter's $0.35 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 28.2%, 260 basis points worse than the prior-year quarter. Operating margin was 12.9%, 330 basis points worse than the prior-year quarter. Net margin was 10.7%, 330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $48.3 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $199.4 million. The average EPS estimate is $1.29.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 65 members out of 69 rating the stock outperform, and four members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Park Electrochemical 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 Park Electrochemical is outperform, with an average price target of $34.
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The article Park Electrochemical Hits Estimates, but GAAP Results Lag Last Year's originally appeared on Fool.com.
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