Steinway Musical Instruments (NYSE: LVB ) is expected to report Q4 earnings around March 3. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Steinway Musical Instruments's revenues will grow 5.1% and EPS will grow 145.8%.
The average estimate for revenue is $99.5 million. On the bottom line, the average EPS estimate is $0.59.
Last quarter, Steinway Musical Instruments notched revenue of $89.3 million. GAAP reported sales were 0.5% lower than the prior-year quarter's $89.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.35. GAAP EPS were $0.33 for Q3 against -$0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 32.9%, 400 basis points better than the prior-year quarter. Operating margin was 10.0%, 180 basis points better than the prior-year quarter. Net margin was 4.7%, 590 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $352.4 million. The average EPS estimate is $1.20.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 62 members out of 67 rating the stock outperform, and five members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Steinway Musical Instruments 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 Steinway Musical Instruments is hold, with an average price target of $30.00.
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