Briggs & Stratton
The 10-second takeaway
For the quarter ended July 1 (Q4), Briggs & Stratton whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP loss per share contracted.
Margins grew across the board.
Briggs & Stratton logged revenue of $501.2 million. The four analysts polled by S&P Capital IQ expected revenue of $608.0 million on the same basis. GAAP reported sales were 17% lower than the prior-year quarter's $605.2 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 $0.22. The four earnings estimates compiled by S&P Capital IQ predicted $0.28 per share. GAAP EPS were -$0.18 for Q4 compared to -$0.36 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.9%, 100 basis points better than the prior-year quarter. Operating margin was 3.8%, 40 basis points better than the prior-year quarter. Net margin was -1.7%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $322.6 million. On the bottom line, the average EPS estimate is -$0.15.
Next year's average estimate for revenue is $1.98 billion. The average EPS estimate is $1.33.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 95 members out of 125 rating the stock outperform, and 30 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Briggs & Stratton a green thumbs-up, and 13 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 $22.00.
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