Hanger Orthopedic Group (NYSE: HGR) reported earnings Wednesday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Hanger Orthopedic Group beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Gross margins grew, operating margins dropped, and net margins improved.
Revenue details
Hanger Orthopedic Group tallied revenue of $218.1 million. The three analysts polled by S&P Capital IQ expected a top line of $212.3 million on the same basis. GAAP reported sales were 8.8% higher than the prior-year quarter's $200.4 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 $0.22. The four earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.22 for Q1 were 22% higher than the prior-year quarter's $0.18 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 32.3%, 60 basis points better than the prior-year quarter. Operating margin was 9.2%, 20 basis points worse than the prior-year quarter. Net margin was 3.5%, 40 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $249.9 million. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $975.7 million. The average EPS estimate is $1.76.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 104 members rating the stock outperform and six members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Hanger Orthopedic Group a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hanger Orthopedic Group is outperform, with an average price target of $26.10.
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