The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Schawk missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Schawk recorded revenue of $110.8 million. The one analyst polled by S&P Capital IQ foresaw a top line of $115.7 million on the same basis. GAAP reported sales were 1.3% lower than the prior-year quarter's $112.3 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 $0.12. The one earnings estimate compiled by S&P Capital IQ averaged $0.17 per share. GAAP EPS were -$0.09 for Q3 versus $0.31 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 35.4%, 210 basis points worse than the prior-year quarter. Operating margin was 6.1%, 350 basis points worse than the prior-year quarter. Net margin was -2.0%, 920 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $128.6 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $473.2 million. The average EPS estimate is $0.65.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Schawk is buy, with an average price target of $18.00.
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