Gorman-Rupp (AMEX: GRC) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Gorman-Rupp missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped significantly.
Margins contracted across the board.
Gorman-Rupp notched revenue of $92.5 million. The four analysts polled by S&P Capital IQ wanted to see sales of $96.6 million on the same basis. GAAP reported sales were 10% lower than the prior-year quarter's $102.8 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 $0.28. The four earnings estimates compiled by S&P Capital IQ averaged $0.35 per share. GAAP EPS of $0.28 for Q1 were 43% lower than the prior-year quarter's $0.49 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 23.0%, 290 basis points worse than the prior-year quarter. Operating margin was 8.9%, 590 basis points worse than the prior-year quarter. Net margin was 6.3%, 370 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $97.6 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $387.7 million. The average EPS estimate is $1.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 292 members out of 305 rating the stock outperform, and 13 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Gorman-Rupp 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 Gorman-Rupp is outperform, with an average price target of $30.67.
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