Gorman-Rupp (AMEX: GRC) reported earnings on Oct. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Gorman-Rupp met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share contracted.
Margins shrank across the board.
Gorman-Rupp logged revenue of $91.6 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $92.7 million on the same basis. GAAP reported sales were 1.6% higher than the prior-year quarter's $90.2 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 $0.32. The four earnings estimates compiled by S&P Capital IQ forecast $0.38 per share. GAAP EPS of $0.32 for Q3 were 11% lower than the prior-year quarter's $0.36 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 23.8%, 110 basis points worse than the prior-year quarter. Operating margin was 11.0%, 180 basis points worse than the prior-year quarter. Net margin was 7.3%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $91.7 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $379.8 million. The average EPS estimate is $1.57.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 293 members out of 306 rating the stock outperform, and 13 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Gorman-Rupp a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gorman-Rupp is outperform, with an average price target of $33.00.
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