Blount International Misses Where it Counts
Blount International (NYS: BLT) reported earnings on March 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Blount International met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. GAAP earnings per share contracted.
Margins contracted across the board.
Blount International reported revenue of $229.6 million. The three analysts polled by S&P Capital IQ anticipated revenue of $227.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.18. The four earnings estimates compiled by S&P Capital IQ predicted $0.26 per share. GAAP EPS of $0.18 for Q4 were 5.3% lower than the prior-year quarter's $0.19 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 27.2%, 70 basis points worse than the prior-year quarter. Operating margin was 8.5%, 50 basis points worse than the prior-year quarter. Net margin was 3.9%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $229.4 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $981.8 million. The average EPS estimate is $1.17.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 70 members out of 79 rating the stock outperform, and nine members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Blount International a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Blount International is outperform, with an average price target of $18.33.
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The article Blount International 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 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.
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