The 10-second takeaway
For the quarter ended Dec. 31 (Q4), LB Foster missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew.
Gross margins contracted, operating margins dropped, net margins increased.
LB Foster reported revenue of $140.7 million. The three analysts polled by S&P Capital IQ anticipated revenue of $144.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.67. The three earnings estimates compiled by S&P Capital IQ predicted $0.70 per share. GAAP EPS of $0.65 for Q4 were 8.3% higher than the prior-year quarter's $0.60 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%, 190 basis points worse than the prior-year quarter. Operating margin was 7.2%, 210 basis points worse than the prior-year quarter. Net margin was 4.7%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $130.6 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $649.6 million. The average EPS estimate is $3.43.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 436 members out of 463 rating the stock outperform, and 27 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 104 give LB Foster a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LB Foster is outperform, with an average price target of $49.50.
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