Global Power Equipment Group
The 10-second takeaway
For the quarter ended March 31 (Q1), Global Power Equipment Group whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share stayed the same.
Gross margins grew, operating margins expanded, net margins were steady.
Global Power Equipment Group tallied revenue of $104.5 million. The three analysts polled by S&P Capital IQ predicted a top line of $122.5 million on the same basis. GAAP reported sales were 6.4% lower than the prior-year quarter's $111.6 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 $0.05. The four earnings estimates compiled by S&P Capital IQ averaged $0.24 per share. GAAP EPS of $0.05 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.8%, 270 basis points better than the prior-year quarter. Operating margin was 2.7%, 70 basis points better than the prior-year quarter. Net margin was 0.8%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $132.8 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $513.7 million. The average EPS estimate is $1.05.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 19 members out of 19 rating the stock outperform, and members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Global Power Equipment Group a green thumbs-up, and none give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Global Power Equipment Group is outperform, with an average price target of $31.75.
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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.