Nacco Industries Crushes Earnings Estimates

Just the facts, Fool.

Seth Jayson
Seth Jayson
May 3, 2012 at 12:00AM
Other

Nacco Industries (NYSE: NC) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Nacco Industries met expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP earnings per share shrank significantly.

Gross margins shrank, operating margins improved, and net margins shrank.

Revenue details
Nacco Industries reported revenue of $803.2 million. The one analyst polled by S&P Capital IQ expected to see revenue of $809.6 million on the same basis. GAAP reported sales were 7.7% higher than the prior-year quarter's $745.5 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 $3.00. The one earnings estimate compiled by S&P Capital IQ predicted $1.98 per share. GAAP EPS of $3.00 for Q1 were 60% lower than the prior-year quarter's $7.48 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 18.0%, 30 basis points worse than the prior-year quarter. Operating margin was 3.2%, 10 basis points better than the prior-year quarter. Net margin was 3.1%, 530 basis points worse than the prior-year quarter.


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Looking ahead
Next quarter's average estimate for revenue is $842.4 million. On the bottom line, the average EPS estimate is $2.58.

Next year's average estimate for revenue is $3.53 billion. The average EPS estimate is $13.45.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 113 members rating the stock outperform, and 10 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Nacco Industries a green thumbs-up, and one gives it a red thumbs-down.

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