National Presto Industries
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), National Presto Industries beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank significantly.
Margins shrank across the board.
National Presto Industries reported revenue of $116.8 million. The one analyst polled by S&P Capital IQ expected a top line of $99.9 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $104.9 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 $1.36. The one earnings estimate compiled by S&P Capital IQ averaged $2.26 per share. GAAP EPS of $1.36 for Q3 were 24% lower than the prior-year quarter's $1.80 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 19.6%, 300 basis points worse than the prior-year quarter. Operating margin was 12.9%, 550 basis points worse than the prior-year quarter. Net margin was 8.0%, 380 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $119.9 million. On the bottom line, the average EPS estimate is $2.68.
Next year's average estimate for revenue is $433.7 million. The average EPS estimate is $8.66.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 583 members out of 593 rating the stock outperform, and 10 members rating it underperform. Among 184 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 182 give National Presto Industries a green thumbs-up, and two give it a red thumbs-down.
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