Briggs & Stratton (NYSE: BGG ) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 1 (Q3), Briggs & Stratton missed slightly on revenues and beat slightly on earnings per share.
Compared with the prior-year quarter, revenue was unchanged and GAAP earnings per share shrank significantly.
Margins shrank across the board.
Briggs & Stratton booked revenue of $720.1 million. The five analysts polled by S&P Capital IQ looked for a top line of $734.0 million on the same basis. GAAP reported sales were 0.0% lower than the prior-year quarter's $720.3 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 $0.99. The six earnings estimates compiled by S&P Capital IQ forecast $0.97 per share. GAAP EPS of $0.80 for Q3 were 22% lower than the prior-year quarter's $1.02 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 20.4%, 40 basis points worse than the prior-year quarter. Operating margin was 10.2%, 70 basis points worse than the prior-year quarter. Net margin was 5.5%, 170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $621.9 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $2.21 billion. The average EPS estimate is $1.25.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 90 members out of 120 rating the stock outperform, and 30 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Briggs & Stratton a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Briggs & Stratton is outperform, with an average price target of $20.00.
Can your retirement portfolio provide you with enough income to last? You'll need more than Briggs & Stratton. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Get instant access to this free report.
- Add Briggs & Stratton to My Watchlist.