Houston Wire & Cable
The 10-second takeaway
For the quarter ended March 31 (Q1), Houston Wire & Cable met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank.
Gross margins increased, operating margins dropped, net margins dropped.
Houston Wire & Cable reported revenue of $94.5 million. The three analysts polled by S&P Capital IQ expected to see revenue of $95.1 million on the same basis. GAAP reported sales were 5.3% lower than the prior-year quarter's $99.7 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 $0.23. The one earnings estimate compiled by S&P Capital IQ predicted $0.27 per share. GAAP EPS of $0.23 for Q1 were 15% lower than the prior-year quarter's $0.27 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 22.4%, 10 basis points better than the prior-year quarter. Operating margin was 7.2%, 100 basis points worse than the prior-year quarter. Net margin was 4.3%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $99.6 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $400.2 million. The average EPS estimate is $0.97.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 465 members out of 482 rating the stock outperform, and 19 members rating it underperform. Among 132 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 128 give Houston Wire & Cable a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Houston Wire & Cable is outperform, with an average price target of $16.50.
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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. The Motley Fool owns shares of Houston Wire & Cable. 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.