Libbey (AMEX: LBY) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Libbey beat slightly on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share increased significantly.
Margins grew across the board.
Libbey logged revenue of $210.2 million. The two analysts polled by S&P Capital IQ expected revenue of $206.8 million on the same basis. GAAP reported sales were 1.2% higher than the prior-year quarter's $207.8 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 $0.87. The two earnings estimates compiled by S&P Capital IQ predicted $0.37 per share. GAAP EPS of $0.70 for Q3 were 106% higher 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 24.4%, 270 basis points better than the prior-year quarter. Operating margin was 11.6%, 180 basis points better than the prior-year quarter. Net margin was 7.1%, 370 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $223.3 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $828.6 million. The average EPS estimate is $1.55.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 43 members out of 61 rating the stock outperform, and 18 members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Libbey a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Libbey is buy, with an average price target of $21.50.
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The article Libbey Beats Up on Analysts Yet Again originally appeared on Fool.com.
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