John Bean Technologies
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), John Bean Technologies missed estimates on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.
Margins contracted across the board.
John Bean Technologies chalked up revenue of $271.5 million. The three analysts polled by S&P Capital IQ looked for revenue of $287.0 million on the same basis. GAAP reported sales were 5.3% lower than the prior-year quarter's $286.6 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 $0.25. The four earnings estimates compiled by S&P Capital IQ averaged $0.53 per share on the same basis. GAAP EPS of $0.24 for Q4 were 56% lower than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.0%, 160 basis points worse than the prior-year quarter. Operating margin was 8.3%, 260 basis points worse than the prior-year quarter. Net margin was 2.7%, 280 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $206.5 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $1.01 billion. The average EPS estimate is $1.50.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 99 members out of 99 rating the stock outperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all of them give John Bean Technologies a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on John Bean Technologies is buy, with an average price target of $20.25.
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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 John Bean Technologies. 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