CIRCOR International (NYS: CIR) reported earnings on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CIRCOR International missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share grew significantly. GAAP earnings per share shrank.
Gross margins grew, operating margins were steady, net margins shrank.
CIRCOR International chalked up revenue of $201.6 million. The four analysts polled by S&P Capital IQ anticipated sales of $207.5 million on the same basis. GAAP reported sales were 7.1% lower than the prior-year quarter's $217.1 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 $0.69. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.55 per share. Non-GAAP EPS of $0.69 for Q4 were 17% higher than the prior-year quarter's $0.59 per share. GAAP EPS of $0.53 for Q4 were 10% lower than the prior-year quarter's $0.59 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 30.0%, 270 basis points better than the prior-year quarter. Operating margin was 7.7%, much about the same as the prior-year quarter. Net margin was 4.6%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $212.4 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $882.8 million. The average EPS estimate is $2.85.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 136 members out of 142 rating the stock outperform, and six members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give CIRCOR International a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CIRCOR International is outperform, with an average price target of $43.80.
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The article CIRCOR International Crushes Earnings Estimates originally appeared on Fool.com.
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