Matthews International (Nasdaq: MATW ) reported earnings on Jan. 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Matthews International beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Matthews International logged revenue of $225.6 million. The four analysts polled by S&P Capital IQ hoped for net sales of $220.5 million on the same basis. GAAP reported sales were 3.9% higher than the prior-year quarter's $217.2 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 $0.42. The three earnings estimates compiled by S&P Capital IQ predicted $0.46 per share. GAAP EPS of $0.30 for Q1 were 25% lower than the prior-year quarter's $0.40 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 35.4%, 50 basis points worse than the prior-year quarter. Operating margin was 7.3%, 140 basis points worse than the prior-year quarter. Net margin was 3.7%, 150 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $240.4 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $950.8 million. The average EPS estimate is $2.51.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 85 members out of 85 rating the stock outperform, and members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Matthews International a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Matthews International is outperform, with an average price target of $37.67.
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