Sun Hydraulics (Nasdaq: SNHY ) is expected to report Q3 earnings around Nov. 5. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Sun Hydraulics's revenues will decrease -8.1% and EPS will wane -18.2%.
The average estimate for revenue is $48.7 million. On the bottom line, the average EPS estimate is $0.36.
Last quarter, Sun Hydraulics tallied revenue of $57.0 million. GAAP reported sales were 4.1% higher than the prior-year quarter's $54.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.43. GAAP EPS of $0.43 for Q2 were 4.9% higher than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 40.3%, 70 basis points better than the prior-year quarter. Operating margin was 28.9%, 80 basis points better than the prior-year quarter. Net margin was 19.7%, 60 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $206.4 million. The average EPS estimate is $1.53.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,311 members out of 1,327 rating the stock outperform, and 16 members rating it underperform. Among 371 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 369 give Sun Hydraulics a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sun Hydraulics is hold, with an average price target of $30.00.
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