Global Power Equipment Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Global Power Equipment Group beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Global Power Equipment Group logged revenue of $152.2 million. The six analysts polled by S&P Capital IQ expected a top line of $144.9 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $115.0 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 $0.85. The six earnings estimates compiled by S&P Capital IQ anticipated $0.38 per share. Non-GAAP EPS of $0.85 for Q4 were 98% higher than the prior-year quarter's $0.43 per share. (The prior-year quarter included $0.03 per share in earnings from discontinued operations.) GAAP EPS of $0.84 for Q4 were 87% higher than the prior-year quarter's $0.45 per share. (The prior-year quarter included $0.03 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 20.7%, 90 basis points better than the prior-year quarter. Operating margin was 8.7%, 160 basis points better than the prior-year quarter. Net margin was 9.4%, 260 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $118.8 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $513.4 million. The average EPS estimate is $0.98.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 23 members out of 23 rating the stock outperform, and members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give Global Power Equipment Group a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Global Power Equipment Group is outperform, with an average price target of $19.40.
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