The 10-second takeaway
For the quarter ended Sep. 29 (Q4), Moog beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share increased.
Margins expanded across the board.
Moog reported revenue of $632.7 million. The seven analysts polled by S&P Capital IQ anticipated a top line of $616.9 million on the same basis. GAAP reported sales were 2.2% higher than the prior-year quarter's $619.1 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 $0.91. The six earnings estimates compiled by S&P Capital IQ predicted $0.90 per share. GAAP EPS of $0.91 for Q4 were 11% higher than the prior-year quarter's $0.82 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 30.4%, 150 basis points better than the prior-year quarter. Operating margin was 9.8%, 50 basis points better than the prior-year quarter. Net margin was 6.6%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $624.3 million. On the bottom line, the average EPS estimate is $0.83.
Next year's average estimate for revenue is $2.58 billion. The average EPS estimate is $3.60.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Moog is outperform, with an average price target of $45.00.
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