Westway Group Misses Where it Counts
Westway Group (NAS: WWAY) reported earnings on Nov. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Westway Group beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew.
Gross margins grew, operating margins were steady, net margins expanded.
Westway Group recorded revenue of $103.0 million. The two analysts polled by S&P Capital IQ expected revenue of $94.4 million on the same basis. GAAP reported sales were 3.0% higher than the prior-year quarter's $103.0 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 $0.02. The two earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.04 for Q3 were 100% higher than the prior-year quarter's $0.02 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 34.5%, 90 basis points better than the prior-year quarter. Operating margin was 5.7%, about the same as the prior-year quarter. Net margin was 3.5%, 60 basis points better than the prior-year quarter.
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The article Westway Group Misses Where it Counts 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.