Colfax (NYS: CFX) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 29 (Q1), Colfax met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased. GAAP earnings per share grew.
Margins grew across the board.
Colfax chalked up revenue of $947.1 million. The 10 analysts polled by S&P Capital IQ expected revenue of $956.8 million on the same basis. GAAP reported sales were 6.9% higher than the prior-year quarter's $886.4 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 $0.26. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.24 per share. Non-GAAP EPS of $0.26 for Q1 were 13% higher than the prior-year quarter's $0.23 per share. GAAP EPS were $0.21 for Q1 compared to -$1.33 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.7%, 190 basis points better than the prior-year quarter. Operating margin was 8.3%, 500 basis points better than the prior-year quarter. Net margin was 2.9%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.08 billion. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $4.14 billion. The average EPS estimate is $2.01.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 269 members out of 283 rating the stock outperform, and 14 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Colfax a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Colfax is hold, with an average price target of $43.43.
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The article Colfax Beats Analyst Estimates on EPS originally appeared on Fool.com.
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