Global Power Equipment Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Global Power Equipment Group beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins contracted, net margins improved.
Global Power Equipment Group chalked up revenue of $115.0 million. The three analysts polled by S&P Capital IQ looked for revenue of $109.6 million on the same basis. GAAP reported sales were 0.2% lower than the prior-year quarter's $115.2 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 $0.43. The four earnings estimates compiled by S&P Capital IQ averaged $0.18 per share on the same basis. GAAP EPS of $0.45 for Q4 were 73% higher than the prior-year quarter's $0.26 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 19.8%, 330 basis points worse than the prior-year quarter. Operating margin was 7.1%, 510 basis points worse than the prior-year quarter. Net margin was 6.8%, 320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $121.8 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $501.0 million. The average EPS estimate is $1.09.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Global Power Equipment Group is outperform, with an average price target of $29.00.
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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.