Northwest Pipe
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Northwest Pipe whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share grew.
Gross margins dropped, operating margins shrank, net margins grew.
Revenue details
Northwest Pipe logged revenue of $115.1 million. The three analysts polled by S&P Capital IQ looked for sales of $137.4 million on the same basis. GAAP reported sales were 17% lower than the prior-year quarter's $139.3 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 $0.36. The two earnings estimates compiled by S&P Capital IQ anticipated $0.61 per share. GAAP EPS of $0.36 for Q3 were 2.9% higher than the prior-year quarter's $0.35 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 10.1%, 180 basis points worse than the prior-year quarter. Operating margin was 3.5%, 370 basis points worse than the prior-year quarter. Net margin was 3.0%, 60 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $132.7 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $543.3 million. The average EPS estimate is $1.89.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 221 members out of 232 rating the stock outperform, and 11 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Northwest Pipe a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Northwest Pipe is outperform, with an average price target of $29.67.
- Add Northwest Pipe to My Watchlist.