The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Rogers met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Rogers reported revenue of $124.2 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $124.4 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.58. The four earnings estimates compiled by S&P Capital IQ predicted $0.56 per share. Non-GAAP EPS of $0.58 for Q4 were 38% higher than the prior-year quarter's $0.42 per share. (The prior-year quarter included -$0.15 per share in earnings from discontinued operations.) GAAP EPS of $0.29 for Q4 were 314% higher than the prior-year quarter's $0.07 per share. (The prior-year quarter included -$0.15 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.4%, 490 basis points better than the prior-year quarter. Operating margin was 8.8%, 440 basis points better than the prior-year quarter. Net margin was 4.1%, 320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $127.7 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $550.0 million. The average EPS estimate is $2.75.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 101 members out of 109 rating the stock outperform, and eight members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Rogers a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rogers is outperform, with an average price target of $50.00.
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