Raven Industries (NAS: RAVN) reported earnings on Aug. 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 31 (Q2), Raven Industries met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share shrank.
Margins dropped across the board.
Raven Industries reported revenue of $101.7 million. The one analyst polled by S&P Capital IQ anticipated a top line of $101.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $90.3 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 $0.32. The one earnings estimate compiled by S&P Capital IQ predicted $0.38 per share. GAAP EPS of $0.32 for Q2 were 5.9% lower than the prior-year quarter's $0.34 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 29.6%, 150 basis points worse than the prior-year quarter. Operating margin was 17.1%, 360 basis points worse than the prior-year quarter. Net margin was 11.4%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $101.7 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $425.8 million. The average EPS estimate is $1.57.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 464 members out of 480 rating the stock outperform, and 16 members rating it underperform. Among 136 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give Raven Industries 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 Raven Industries is outperform, with an average price target of $34.00.
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The article Raven Industries Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.
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