Astec Industries (Nasdaq: ASTE ) reported earnings on Feb. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Astec Industries missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share contracted significantly. GAAP earnings per share grew significantly.
Gross margins dropped, operating margins dropped, net margins expanded.
Astec Industries logged revenue of $227.6 million. The nine analysts polled by S&P Capital IQ anticipated a top line of $248.7 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $263.2 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 $0.23. The 10 earnings estimates compiled by S&P Capital IQ forecast $0.39 per share. Non-GAAP EPS of $0.23 for Q4 were 44% lower than the prior-year quarter's $0.41 per share. GAAP EPS of $0.46 for Q4 were 31% higher than the prior-year quarter's $0.35 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 21.1%, 20 basis points worse than the prior-year quarter. Operating margin was 3.6%, 130 basis points worse than the prior-year quarter. Net margin was 4.7%, 170 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $269.5 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $2.00.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 271 members out of 282 rating the stock outperform, and 11 members rating it underperform. Among 113 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 111 give Astec Industries a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Astec Industries is hold, with an average price target of $32.89.
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