Global Power Equipment Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Global Power Equipment Group whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share contracted significantly.
Margins contracted across the board.
Global Power Equipment Group reported revenue of $111.5 million. The six analysts polled by S&P Capital IQ predicted net sales of $141.0 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $99.2 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 $0.13. The five earnings estimates compiled by S&P Capital IQ predicted $0.34 per share. GAAP EPS of $0.09 for Q3 were 92% lower than the prior-year quarter's $1.09 per share. (The prior-year quarter included $0.70 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 16.3%, 310 basis points worse than the prior-year quarter. Operating margin was 2.3%, 560 basis points worse than the prior-year quarter. Net margin was 1.4%, 1,720 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $157.4 million. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $497.6 million. The average EPS estimate is $0.90.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 18 members out of 18 rating the stock outperform, and members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Global Power Equipment Group 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 Global Power Equipment Group is outperform, with an average price target of $25.25.
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