The 10-second takeaway
For the quarter ended Dec. 29 (Q4), Sun Hydraulics beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share grew.
Gross margins grew, operating margins shrank, net margins expanded.
Sun Hydraulics reported revenue of $43.2 million. The three analysts polled by S&P Capital IQ expected sales of $41.4 million on the same basis. GAAP reported sales were 5.3% lower than the prior-year quarter's $45.7 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 $0.26. The three earnings estimates compiled by S&P Capital IQ averaged $0.23 per share. GAAP EPS of $0.26 for Q4 were 8.3% higher than the prior-year quarter's $0.24 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 37.0%, 10 basis points better than the prior-year quarter. Operating margin was 21.9%, 100 basis points worse than the prior-year quarter. Net margin was 15.5%, 220 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $50.2 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $204.0 million. The average EPS estimate is $1.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,308 members out of 1,325 rating the stock outperform, and 17 members rating it underperform. Among 406 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 404 give Sun Hydraulics a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sun Hydraulics is hold, with an average price target of $28.50.
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