Moog Beats Up on Analysts Yet Again (MOG-A)

Moog Beats Up on Analysts Yet Again

Moog (NYSE: MOG-A ) reported earnings on Jan. 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Moog met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased, and GAAP earnings per share expanded.

Gross margins grew, operating margins were steady, net margins grew.

Revenue details
Moog booked revenue of $600.6 million. The eight analysts polled by S&P Capital IQ expected net sales of $596.6 million. Sales were 8.3% higher than the prior-year quarter's $554.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $0.80. The seven earnings estimates compiled by S&P Capital IQ forecast $0.75 per share on the same basis. GAAP EPS of $0.82 for Q1 were 9.6% higher than the prior-year quarter's $0.73 per share.

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 30.8%, 110 basis points better than the prior-year quarter. Operating margin was 10.0%, about the same as the prior-year quarter. Net margin was 6.1%, 10 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $615.8 million. On the bottom line, the average EPS estimate is $0.78.

Next year's average estimate for revenue is $2.52 billion. The average EPS estimate is $3.30.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Moog is outperform, with an average price target of $45.67.

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