Bob Evans Farms
The 10-second takeaway
For the quarter ended Oct. 26 (Q2), Bob Evans Farms met expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share shrank.
Gross margins grew, operating margins contracted, net margins dropped.
Bob Evans Farms reported revenue of $410.9 million. The four analysts polled by S&P Capital IQ looked for revenue of $415.4 million on the same basis. GAAP reported sales were 0.9% higher than the prior-year quarter's $407.2 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 $0.53. The four earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. GAAP EPS of $0.36 for Q2 were 14% lower than the prior-year quarter's $0.42 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 38.4%, 180 basis points better than the prior-year quarter. Operating margin was 5.5%, 50 basis points worse than the prior-year quarter. Net margin was 2.5%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $437.7 million. On the bottom line, the average EPS estimate is $0.77.
Next year's average estimate for revenue is $1.69 billion. The average EPS estimate is $2.69.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 88 members out of 134 rating the stock outperform, and 46 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Bob Evans Farms a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bob Evans Farms is hold, with an average price target of $43.83.
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