The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Hawkins missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share expanded.
Margins expanded across the board.
Hawkins logged revenue of $87.2 million. The one analyst polled by S&P Capital IQ looked for a top line of $91.8 million on the same basis. GAAP reported sales were 0.8% lower than the prior-year quarter's $87.9 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 $0.69. The one earnings estimate compiled by S&P Capital IQ predicted $0.65 per share. GAAP EPS of $0.69 for Q2 were 3.0% higher than the prior-year quarter's $0.67 per share. (The prior-year quarter included $0.02 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.0%, 70 basis points better than the prior-year quarter. Operating margin was 13.5%, 110 basis points better than the prior-year quarter. Net margin was 8.3%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $87.5 million. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $355.9 million. The average EPS estimate is $1.97.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 234 members out of 242 rating the stock outperform, and eight members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Hawkins a green thumbs-up, and one give it a red thumbs-down.
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