Ritchie Bros. Auctioneers (NYSE: RBA ) reported earnings on Feb. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ritchie Bros. Auctioneers beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins dropped.
Ritchie Bros. Auctioneers reported revenue of $117.1 million. The 13 analysts polled by S&P Capital IQ foresaw net sales of $112.5 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 $0.21. The 15 earnings estimates compiled by S&P Capital IQ forecast $0.23 per share. GAAP EPS of $0.21 for Q4 were 16% lower than the prior-year quarter's $0.25 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 89.1%, 100 basis points better than the prior-year quarter. Operating margin was 28.3%, 590 basis points worse than the prior-year quarter. Net margin was 18.9%, 470 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $105.1 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $479.8 million. The average EPS estimate is $0.92.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 145 members out of 154 rating the stock outperform, and nine members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers is hold, with an average price target of $22.75.
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