Snyder's-Lance Beats Analyst Estimates on EPS
Snyder's-Lance (NAS: LNCE) reported earnings on Aug. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Snyder's-Lance missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share expanded.
Gross margins dropped, operating margins grew, net margins grew.
Snyder's-Lance logged revenue of $399.4 million. The 10 analysts polled by S&P Capital IQ anticipated a top line of $406.7 million on the same basis. GAAP reported sales were 3.2% lower than the prior-year quarter's $412.5 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 $0.22. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS were $0.28 for Q2 against -$0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.0%, 180 basis points worse than the prior-year quarter. Operating margin was 6.2%, 140 basis points better than the prior-year quarter. Net margin was 4.8%, 570 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $413.6 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $1.61 billion. The average EPS estimate is $0.94.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 68 members out of 81 rating the stock outperform, and 13 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Snyder's-Lance a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Snyder's-Lance is outperform, with an average price target of $26.00.
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The article Snyder's-Lance Beats Analyst Estimates on EPS originally appeared on Fool.com.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. The Motley Fool has no positions in the stocks mentioned above. 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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