Mueller Industries (NYSE: MLI) is expected to report Q3 earnings around Oct. 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Mueller Industries's revenues will compress -6.6% and EPS will grow 81.5%.
The average estimate for revenue is $547.3 million. On the bottom line, the average EPS estimate is $0.49.
Revenue details
Last quarter, Mueller Industries reported revenue of $594.1 million. GAAP reported sales were 9.0% lower than the prior-year quarter's $652.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.47. GAAP EPS of $0.47 for Q2 were 20% lower than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 12.0%, 10 basis points worse than the prior-year quarter. Operating margin was 5.0%, 60 basis points worse than the prior-year quarter. Net margin was 3.0%, 40 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $2.28 billion. The average EPS estimate is $2.31.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 155 members out of 164 rating the stock outperform, and nine members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Mueller Industries a green thumbs-up, and one give it a red thumbs-down.
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