Global Power Equipment Group (Nasdaq: GLPW ) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Global Power Equipment Group beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Global Power Equipment Group reported revenue of $116.7 million. The six analysts polled by S&P Capital IQ foresaw revenue of $113.8 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $104.5 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 -$0.07. The six earnings estimates compiled by S&P Capital IQ predicted $0.14 per share. GAAP EPS were -$0.07 for Q1 versus $0.05 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 13.7%, 210 basis points worse than the prior-year quarter. Operating margin was -1.6%, 430 basis points worse than the prior-year quarter. Net margin was -1.1%, 190 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $114.6 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $500.3 million. The average EPS estimate is $0.84.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 29 members out of 29 rating the stock outperform, and members rating it underperform. Among five CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give Global Power Equipment Group 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 Global Power Equipment Group is outperform, with an average price target of $21.20.
Looking for alternatives to Global Power Equipment Group? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Global Power Equipment Group to My Watchlist.