The 10-second takeaway
For the quarter ended March 31 (Q1), Douglas Dynamics beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP loss per share contracted. GAAP loss per share shrank.
Margins increased across the board.
Douglas Dynamics tallied revenue of $14.1 million. The four analysts polled by S&P Capital IQ wanted to see sales of $11.9 million on the same basis. GAAP reported sales were 65% higher than the prior-year quarter's $8.6 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 -$0.13. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.16 per share. Non-GAAP EPS were -$0.13 for Q1 against -$0.19 per share for the prior-year quarter. GAAP EPS were -$0.15 for Q1 against -$0.20 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 quarter, gross margin was 30.6%, 930 basis points better than the prior-year quarter. Operating margin was -20.4%, much better than the prior-year quarter. Net margin was -24.1%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $59.1 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $170.0 million. The average EPS estimate is $0.54.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 45 members out of 48 rating the stock outperform, and three members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Douglas Dynamics a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Douglas Dynamics is outperform, with an average price target of $16.00.
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