AZZ (NYS: AZZ) reported earnings on June 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 31 (Q1), AZZ beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins increased across the board.
AZZ tallied revenue of $127.1 million. The six analysts polled by S&P Capital IQ expected revenue of $122.8 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $114.3 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 $1.26. The six earnings estimates compiled by S&P Capital IQ predicted $0.81 per share. GAAP EPS of $1.26 for Q1 were 68% higher than the prior-year quarter's $0.75 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 29.8%, 260 basis points better than the prior-year quarter. Operating margin was 17.7%, 190 basis points better than the prior-year quarter. Net margin was 12.6%, 430 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $145.1 million. On the bottom line, the average EPS estimate is $0.97.
Next year's average estimate for revenue is $555.2 million. The average EPS estimate is $3.68.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 767 members out of 785 rating the stock outperform, and 18 members rating it underperform. Among 184 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 182 give AZZ a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AZZ is outperform, with an average price target of $66.50.
Over the decades, small-cap stocks, like AZZ have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
Add AZZ to My Watchlist.
The article AZZ Beats Up on Analysts Yet Again originally appeared on Fool.com.
Seth Jaysonhad 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 AZZ. 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.