The 10-second takeaway
For the quarter ended Jan. 31 (Q4), Cascade missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded, and GAAP earnings per share grew significantly.
Gross margins shrank, operating margins expanded, and net margins improved.
Cascade reported revenue of $125.9 million. The four analysts polled by S&P Capital IQ expected revenue of $128.5 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $110.3 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 $0.98. The two earnings estimates compiled by S&P Capital IQ anticipated $1.05 per share on the same basis. GAAP EPS of $1.16 for Q4 were 252% higher than the prior-year quarter's $0.33 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 28.9%, 180 basis points worse than the prior-year quarter. Operating margin was 12.4%, 40 basis points better than the prior-year quarter. Net margin was 10.5%, 710 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $142.6 million. On the bottom line, the average EPS estimate is $1.52.
Next year's average estimate for revenue is $571.4 million. The average EPS estimate is $5.45.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 159 members rating the stock outperform and 11 members rating it underperform. Among 59 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Cascade a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cascade is outperform, with an average price target of $60.
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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.