Barnes Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Barnes Group missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank significantly.
Margins shrank across the board.
Revenue details
Barnes Group logged revenue of $306.1 million. The six analysts polled by S&P Capital IQ hoped for revenue of $321.1 million on the same basis. GAAP reported sales were 5.9% lower than the prior-year quarter's $325.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.44. The six earnings estimates compiled by S&P Capital IQ forecast $0.48 per share. GAAP EPS of $0.34 for Q3 were 17% lower than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 31.9%, 330 basis points worse than the prior-year quarter. Operating margin was 9.7%, 40 basis points worse than the prior-year quarter. Net margin was 6.0%, 110 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $324.7 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $1.25 billion. The average EPS estimate is $1.82.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 439 members out of 475 rating the stock outperform, and 36 members rating it underperform. Among 117 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 111 give Barnes Group a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Barnes Group is outperform, with an average price target of $30.17.
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