Astec Industries
The 10-second takeaway
For the quarter ended March 31 (Q1), Astec Industries missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share grew.
Margins grew across the board.
Revenue details
Astec Industries tallied revenue of $247.8 million. The eight analysts polled by S&P Capital IQ expected revenue of $254.7 million on the same basis. GAAP reported sales were 7.1% lower than the prior-year quarter's $266.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.57. The nine earnings estimates compiled by S&P Capital IQ forecast $0.54 per share. GAAP EPS of $0.57 for Q1 were 7.5% higher than the prior-year quarter's $0.53 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 23.6%, 90 basis points better than the prior-year quarter. Operating margin was 7.3%, 30 basis points better than the prior-year quarter. Net margin was 5.3%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $258.4 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $998.6 million. The average EPS estimate is $1.91.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 268 members out of 279 rating the stock outperform, and 11 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 97 give Astec Industries 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 Astec Industries is hold, with an average price target of $36.43.
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