The 10-second takeaway
For the quarter ended Dec. 30 (Q3), Alliant Techsystems beat 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 grew, net margins increased.
Alliant Techsystems booked revenue of $1.06 billion. The 12 analysts polled by S&P Capital IQ hoped for a top line of $1.01 billion on the same basis. GAAP reported sales were 5.5% lower than the prior-year quarter's $1.12 billion.
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 $1.86. The eight earnings estimates compiled by S&P Capital IQ anticipated $1.71 per share. GAAP EPS of $1.93 for Q3 were 28% higher than the prior-year quarter's $1.51 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 20.8%, 120 basis points worse than the prior-year quarter. Operating margin was 10.1%, 70 basis points better than the prior-year quarter. Net margin was 6.0%, 160 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.07 billion. On the bottom line, the average EPS estimate is $1.82.
Next year's average estimate for revenue is $4.21 billion. The average EPS estimate is $7.65.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alliant Techsystems is hold, with an average price target of $61.00.
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