Briggs & Stratton
The 10-second takeaway
For the quarter ended April 1 (Q3), Briggs & Stratton missed slightly on revenues and beat slightly on earnings per share.
Compared with the prior-year quarter, revenue was unchanged and GAAP earnings per share shrank significantly.
Margins shrank across the board.
Briggs & Stratton booked revenue of $720.1 million. The five analysts polled by S&P Capital IQ looked for a top line of $734.0 million on the same basis. GAAP reported sales were 0.0% lower than the prior-year quarter's $720.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.99. The six earnings estimates compiled by S&P Capital IQ forecast $0.97 per share. GAAP EPS of $0.80 for Q3 were 22% lower than the prior-year quarter's $1.02 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 20.4%, 40 basis points worse than the prior-year quarter. Operating margin was 10.2%, 70 basis points worse than the prior-year quarter. Net margin was 5.5%, 170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $621.9 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $2.21 billion. The average EPS estimate is $1.25.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 90 members out of 120 rating the stock outperform, and 30 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Briggs & Stratton a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Briggs & Stratton is outperform, with an average price target of $20.00.
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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 stock holdings. He is the 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 don't 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.