Insteel Industries (NAS: IIIN) reported earnings on Oct. 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 29 (Q4), Insteel Industries beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped.
Margins shrank across the board.
Insteel Industries booked revenue of $97.9 million. The three analysts polled by S&P Capital IQ expected to see a top line of $92.2 million on the same basis. GAAP reported sales were 1.2% lower than the prior-year quarter's $99.1 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 $0.05. The three earnings estimates compiled by S&P Capital IQ averaged $0.10 per share. GAAP EPS of $0.05 for Q4 were 17% lower than the prior-year quarter's $0.06 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 6.0%, 180 basis points worse than the prior-year quarter. Operating margin was 1.4%, 40 basis points worse than the prior-year quarter. Net margin was 0.9%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $85.3 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $387.6 million. The average EPS estimate is $0.65.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 217 members out of 235 rating the stock outperform, and 18 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 55 give Insteel Industries a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Insteel Industries is buy, with an average price target of $14.50.
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The article Insteel Industries Misses Where it Counts originally appeared on Fool.com.
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