John Bean Technologies Beats on EPS But GAAP Results Lag

Seth Jayson, The Motley Fool
Updated

John Bean Technologies (NYS: JBT) reported earnings on Nov. 5. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q3), John Bean Technologies met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.


Gross margins grew, operating margins shrank, net margins shrank.

Revenue details
 John Bean Technologies recorded revenue of $205.3 million. The two analysts polled by S&P Capital IQ looked for revenue of $205.0 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $230.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.21. The three earnings estimates compiled by S&P Capital IQ forecast $0.20 per share. GAAP EPS of $0.21 for Q3 were 25% lower than the prior-year quarter's $0.28 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 25.3%, 50 basis points better than the prior-year quarter. Operating margin was 5.0%, 110 basis points worse than the prior-year quarter. Net margin was 3.0%, 50 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $301.1 million. On the bottom line, the average EPS estimate is $0.62.

Next year's average estimate for revenue is $925.2 million. The average EPS estimate is $1.23.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 102 members out of 104 rating the stock outperform, and two members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give John Bean Technologies a green thumbs-up, and give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on John Bean Technologies is outperform, with an average price target of $19.33.

The article John Bean Technologies Beats on EPS But GAAP Results Lag 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 owns shares of John Bean Technologies. 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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