Twin Disc (Nasdaq: TWIN ) reported earnings on Jan. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 28 (Q2), Twin Disc met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Twin Disc chalked up revenue of $72.3 million. The three analysts polled by S&P Capital IQ foresaw revenue of $72.0 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $82.9 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 $0.29. The four earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. GAAP EPS of $0.29 for Q2 were 43% lower than the prior-year quarter's $0.51 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 30.8%, 480 basis points worse than the prior-year quarter. Operating margin was 7.7%, 370 basis points worse than the prior-year quarter. Net margin was 4.6%, 250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $75.0 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $293.7 million. The average EPS estimate is $0.74.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 329 members out of 336 rating the stock outperform, and seven members rating it underperform. Among 97 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 94 give Twin Disc a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Twin Disc is outperform, with an average price target of $15.50.
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