The 10-second takeaway
For the quarter ended Dec. 30 (Q4), Anixter International missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased, and GAAP earnings per share grew significantly.
Gross margins were steady, operating margins grew, net margins improved.
Anixter International reported revenue of $1.50 billion. The eight analysts polled by S&P Capital IQ expected to see a top line of $1.54 billion. Sales were 4.5% higher than the prior-year quarter's $1.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $1.43. The 10 earnings estimates compiled by S&P Capital IQ anticipated $1.42 per share on the same basis. GAAP EPS of $1.45 for Q4 were 64% higher than the prior-year quarter's $0.88 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 23.3%, about the same as the prior-year quarter. Operating margin was 6.1%, 180 basis points better than the prior-year quarter. Net margin was 3.2%, 100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.54 billion. On the bottom line, the average EPS estimate is $1.40.
Next year's average estimate for revenue is $6.54 billion. The average EPS estimate is $6.18.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 186 members out of 207 rating the stock outperform, and 21 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 74 give Anixter International 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 Anixter International is outperform, with an average price target of $70.93.
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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.