The 10-second takeaway
For the quarter ended April 1 (Q1), Michael Baker met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved.
Gross margins dropped, operating margins dropped, net margins increased.
Michael Baker reported revenue of $151.7 million. The three analysts polled by S&P Capital IQ expected to see revenue of $152.7 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $121.0 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 $0.10. The three earnings estimates compiled by S&P Capital IQ forecast $0.45 per share. GAAP EPS of $0.10 for Q1 were 11% higher than the prior-year quarter's $0.09 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.7%, 180 basis points worse than the prior-year quarter. Operating margin was 0.9%, 30 basis points worse than the prior-year quarter. Net margin was 1.1%, 40 basis points better than the prior-year quarter.
On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $636.9 million. The average EPS estimate is $2.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 142 members out of 150 rating the stock outperform, and eight members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give Michael Baker 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 Michael Baker is outperform, with an average price target of $32.67.
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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.