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.
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.
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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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. The Motley Fool has no positions in the stocks mentioned above. 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.
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