The 10-second takeaway
For the quarter ended Dec. 31 (Q4), LMI Aerospace met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share contracted significantly.
Gross margins grew, operating margins increased, net margins contracted.
LMI Aerospace chalked up revenue of $71.9 million. The four analysts polled by S&P Capital IQ anticipated revenue of $72.3 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $65.0 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 $0.38. The four earnings estimates compiled by S&P Capital IQ averaged $0.40 per share. Non-GAAP EPS of $0.38 for Q4 were 8.6% higher than the prior-year quarter's $0.35 per share. GAAP EPS of $0.08 for Q4 were 77% lower than the prior-year quarter's $0.35 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 22.6%, 30 basis points better than the prior-year quarter. Operating margin was 9.5%, 270 basis points better than the prior-year quarter. Net margin was 1.3%, 500 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $110.5 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $478.5 million. The average EPS estimate is $2.00.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 123 members out of 130 rating the stock outperform, and seven members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give LMI Aerospace a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LMI Aerospace is buy, with an average price target of $27.67.
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