John Bean Technologies
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), John Bean Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.
Gross margins grew, operating margins shrank, net margins shrank.
Revenue details
John Bean Technologies recorded revenue of $205.3 million. The two analysts polled by S&P Capital IQ looked for revenue of $205.0 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $230.3 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 $0.21. The three earnings estimates compiled by S&P Capital IQ forecast $0.20 per share. GAAP EPS of $0.21 for Q3 were 25% lower than the prior-year quarter's $0.28 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 25.3%, 50 basis points better than the prior-year quarter. Operating margin was 5.0%, 110 basis points worse than the prior-year quarter. Net margin was 3.0%, 50 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $301.1 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $925.2 million. The average EPS estimate is $1.23.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 102 members out of 104 rating the stock outperform, and two members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give John Bean Technologies a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on John Bean Technologies is outperform, with an average price target of $19.33.
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