Bob Evans Farms (Nasdaq: BOBE ) reported earnings on Feb. 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 25 (Q3), Bob Evans Farms met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share contracted significantly.
Gross margins grew, operating margins dropped, net margins dropped.
Bob Evans Farms booked revenue of $434.4 million. The four analysts polled by S&P Capital IQ wanted to see net sales of $432.5 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 $0.56. The five earnings estimates compiled by S&P Capital IQ anticipated $0.55 per share. Non-GAAP EPS of $0.56 for Q3 were 19% lower than the prior-year quarter's $0.69 per share. GAAP EPS of $0.20 for Q3 were 71% lower than the prior-year quarter's $0.69 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 37.4%, 70 basis points better than the prior-year quarter. Operating margin was 6.5%, 60 basis points worse than the prior-year quarter. Net margin was 1.3%, 340 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $351.8 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $1.60 billion. The average EPS estimate is $2.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 89 members out of 136 rating the stock outperform, and 47 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Bob Evans Farms a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bob Evans Farms is outperform, with an average price target of $47.70.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Bob Evans Farms. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.