CIRCOR International Crushes Earnings Estimates
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.
Looking for alternatives to CIRCOR International? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add CIRCOR International to My Watchlist.
The article CIRCOR International Crushes Earnings Estimates 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 position in any of the stocks mentioned. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.