The 10-second takeaway
For the quarter ended Sep. 30 (Q1), WMS Industries beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share grew significantly.
Gross margins grew, operating margins dropped, net margins grew.
WMS Industries tallied revenue of $159.1 million. The 17 analysts polled by S&P Capital IQ expected a top line of $157.0 million on the same basis. GAAP reported sales were 2.2% higher than the prior-year quarter's $155.6 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 $0.17. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.17 for Q1 were 143% higher than the prior-year quarter's $0.07 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 64.5%, 120 basis points better than the prior-year quarter. Operating margin was 7.9%, 60 basis points worse than the prior-year quarter. Net margin was 5.8%, 340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $169.5 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $705.8 million. The average EPS estimate is $1.20.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 176 members out of 202 rating the stock outperform, and 26 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give WMS Industries a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on WMS Industries is hold, with an average price target of $18.72.
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