Rogers
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Rogers met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Gross margins shrank, operating margins dropped, net margins increased.
Revenue details
Rogers reported revenue of $130.2 million. The five analysts polled by S&P Capital IQ expected revenue of $132.1 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $147.6 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 $0.69. The four earnings estimates compiled by S&P Capital IQ predicted $0.64 per share. GAAP EPS of $3.46 for Q3 were 307% higher than the prior-year quarter's $0.85 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 33.0%, 80 basis points worse than the prior-year quarter. Operating margin was 9.1%, 220 basis points worse than the prior-year quarter. Net margin was 45.3%, 3,560 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $134.9 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $515.0 million. The average EPS estimate is $2.03.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 104 members out of 112 rating the stock outperform, and eight members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Rogers 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 Rogers is outperform, with an average price target of $47.20.
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