The 10-second takeaway
For the quarter ended April 1 (Q4), Hawkins missed estimates on revenues and earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share improved significantly.
Margins improved across the board.
Hawkins recorded revenue of $83.2 million. The one analyst polled by S&P Capital IQ hoped for revenue of $88.8 million on the same basis. GAAP reported sales were 1.5% higher than the prior-year quarter's $82.0 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 $0.34. The one earnings estimate compiled by S&P Capital IQ averaged $0.50 per share. GAAP EPS of $0.34 for Q4 were 89% 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.
For the quarter, gross margin was 16.2%, 160 basis points better than the prior-year quarter. Operating margin was 6.8%, 180 basis points better than the prior-year quarter. Net margin was 4.2%, 190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $94.8 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $369.8 million. The average EPS estimate is $2.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 239 members out of 247 rating the stock outperform, and eight members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Hawkins a green thumbs-up.
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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.