National Presto Industries
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), National Presto Industries beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank significantly.
Margins shrank across the board.
National Presto Industries reported revenue of $116.8 million. The one analyst polled by S&P Capital IQ expected a top line of $99.9 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $104.9 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 $1.36. The one earnings estimate compiled by S&P Capital IQ averaged $2.26 per share. GAAP EPS of $1.36 for Q3 were 24% lower than the prior-year quarter's $1.80 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.6%, 300 basis points worse than the prior-year quarter. Operating margin was 12.9%, 550 basis points worse than the prior-year quarter. Net margin was 8.0%, 380 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $119.9 million. On the bottom line, the average EPS estimate is $2.68.
Next year's average estimate for revenue is $433.7 million. The average EPS estimate is $8.66.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 583 members out of 593 rating the stock outperform, and 10 members rating it underperform. Among 184 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 182 give National Presto Industries a green thumbs-up, and two give it a red thumbs-down.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of National Presto Industries. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.