Wesco Aircraft Holdings
The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Wesco Aircraft Holdings beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins dropped, net margins increased.
Wesco Aircraft Holdings logged revenue of $212.2 million. The seven analysts polled by S&P Capital IQ anticipated sales of $202.2 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $181.3 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 $0.29. The eight earnings estimates compiled by S&P Capital IQ forecast $0.24 per share. GAAP EPS of $0.28 for Q4 were 47% higher than the prior-year quarter's $0.19 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 37.2%, 290 basis points worse than the prior-year quarter. Operating margin was 20.0%, 260 basis points worse than the prior-year quarter. Net margin was 12.7%, 280 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $219.0 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $885.5 million. The average EPS estimate is $1.17.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wesco Aircraft Holdings is outperform, with an average price target of $16.56.
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