National Presto Industries
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), National Presto Industries whiffed on revenues and earnings per share.
Compared to the prior-year quarter, revenue shrank significantly, and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Revenue details
National Presto Industries booked revenue of $119 million. The one analyst polled by S&P Capital IQ predicted revenue of $136.9 million on the same basis. GAAP reported sales were 16% lower than the prior-year quarter's $142.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $1.95. The one earnings estimate compiled by S&P Capital IQ forecast $2.78 per share. GAAP EPS of $1.95 for Q4 were 40% lower than the prior-year quarter's $3.23 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 23.1%, 370 basis points worse than the prior-year quarter. Operating margin was 17.8%, 590 basis points worse than the prior-year quarter. Net margin was 11.3%, 430 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $112.6 million. On the bottom line, the average EPS estimate is $1.68.
Next year's average estimate for revenue is $494.5 million. The average EPS estimate is $8.73.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 607 members rating the stock outperform and nine members rating it underperform. Among 205 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 202 give National Presto Industries a green thumbs-up, and three give it a red thumbs-down.
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