The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Astronics missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped.
Margins dropped across the board.
Astronics tallied revenue of $67.4 million. The five analysts polled by S&P Capital IQ expected a top line of $70.8 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $61.2 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 $0.37. The four earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. GAAP EPS of $0.37 for Q4 were 5.1% lower than the prior-year quarter's $0.39 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 26.0%, 240 basis points worse than the prior-year quarter. Operating margin was 11.8%, 460 basis points worse than the prior-year quarter. Net margin was 8.4%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $68.5 million. On the bottom line, the average EPS estimate is $0.38.
Next year's average estimate for revenue is $300.0 million. The average EPS estimate is $1.86.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 297 members out of 311 rating the stock outperform, and 14 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Astronics 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 Astronics is outperform, with an average price target of $33.67.
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