National Presto Industries
The 10-second takeaway
For the quarter ended March 31 (Q1), National Presto Industries whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Gross margins increased, operating margins shrank, net margins dropped.
National Presto Industries logged revenue of $96.8 million. The one analyst polled by S&P Capital IQ anticipated revenue of $110.8 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $108.9 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 $1.36. The one earnings estimate compiled by S&P Capital IQ averaged $1.63 per share. GAAP EPS of $1.36 for Q1 were 18% lower than the prior-year quarter's $1.65 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 21.0%, 80 basis points better than the prior-year quarter. Operating margin was 15.1%, 60 basis points worse than the prior-year quarter. Net margin was 9.7%, 70 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $110.4 million. On the bottom line, the average EPS estimate is $1.85.
Next year's average estimate for revenue is $464.9 million. The average EPS estimate is $7.74.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 599 members out of 609 rating the stock outperform, and 10 members rating it underperform. Among 183 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 181 give National Presto Industries a green thumbs-up, and two give it a red thumbs-down.
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