Briggs & Stratton
The 10-second takeaway
For the quarter ended Jan. 1 (Q2), Briggs & Stratton missed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly, and earnings per share increased.
Gross margins dropped, operating margins shrank, net margins improved.
Briggs & Stratton chalked up revenue of $447.9 million. The six analysts polled by S&P Capital IQ predicted a top line of $460.6 million. Sales were 0.5% lower than the prior-year quarter's $450.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.05. The six earnings estimates compiled by S&P Capital IQ averaged $0.05 per share. GAAP EPS were $0.05 for Q2 versus -$0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 16.5%, 90 basis points worse than the prior-year quarter. Operating margin was 0.1%, 150 basis points worse than the prior-year quarter. Net margin was 0.6%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $739.7 million. On the bottom line, the average EPS estimate is $1.02.
Next year's average estimate for revenue is $2.22 billion. The average EPS estimate is $1.29.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 90 members out of 121 rating the stock outperform, and 31 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Briggs & Stratton a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Briggs & Stratton is outperform, with an average price target of $20.00.
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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 here. He is 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 may not 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.