Charles River Laboratories International
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Charles River Laboratories International beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved.
Gross margins shrank, operating margins contracted, net margins expanded.
Charles River Laboratories International reported revenue of $291.0 million. The 14 analysts polled by S&P Capital IQ foresaw a top line of $282.7 million on the same basis. GAAP reported sales were 3.3% higher than the prior-year quarter's $281.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.69. The 16 earnings estimates compiled by S&P Capital IQ forecast $0.56 per share on the same basis. GAAP EPS were $0.55 for Q4 versus -$6.03 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 34.8%, 220 basis points worse than the prior-year quarter. Operating margin was 18.0%, 140 basis points worse than the prior-year quarter. Net margin was 9.3%, 13,130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $286.2 million. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $1.15 billion. The average EPS estimate is $2.68.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Charles River Laboratories International is hold, with an average price target of $35.30.
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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. The Motley Fool owns shares of Charles River Laboratories International. 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.