The 10-second takeaway
For the quarter ended Nov. 27 (Q3), Park Electrochemical missed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue improved slightly, and earnings per share improved.
Gross margins dropped, operating margins dropped, net margins grew.
Park Electrochemical booked revenue of $47 million. The three analysts polled by S&P Capital IQ looked for revenue of $51 million. Sales were 0.8% higher than the prior-year quarter's $47 million
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.26. The three earnings estimates compiled by S&P Capital IQ anticipated $0.32 per share. GAAP EPS of $0.26 for Q3 were 8.3% higher than the prior-year quarter's $0.24 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 27.5%, 340 basis points worse than the prior-year quarter. Operating margin was 12.7%, 460 basis points worse than the prior-year quarter. Net margin was 11.4%, 70 basis points better than the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods.
What does the future hold?
Next quarter's average estimate for revenue is $53 million. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $208 million. The average EPS estimate is $1.37.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 72 members out of 77 rating the stock outperform, and five members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Park Electrochemical a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Park Electrochemical is outperform, with an average price target of $34.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.