Polypore International (NYSE: PPO ) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Polypore International met expectations on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Polypore International reported revenue of $173.7 million. The 12 analysts polled by S&P Capital IQ foresaw a top line of $173.4 million on the same basis. GAAP reported sales were 6.4% lower than the prior-year quarter's $185.7 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 $0.47. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.44 per share. GAAP EPS of $0.40 for Q1 were 27% lower than the prior-year quarter's $0.55 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 40.9%, 190 basis points worse than the prior-year quarter. Operating margin was 21.4%, 490 basis points worse than the prior-year quarter. Net margin was 10.8%, 300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $192.9 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $809.1 million. The average EPS estimate is $2.44.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 242 members out of 265 rating the stock outperform, and 23 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Polypore International a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Polypore International is outperform, with an average price target of $49.36.
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