The 10-second takeaway
For the quarter ended March 30 (Q2), Moog met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share increased. GAAP earnings per share increased.
Gross margins grew, operating margins contracted, net margins were steady.
Moog reported revenue of $643.0 million. The eight analysts polled by S&P Capital IQ anticipated revenue of $645.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.83. The seven earnings estimates compiled by S&P Capital IQ predicted $0.79 per share. Non-GAAP EPS of $0.83 for Q2 were 7.8% higher than the prior-year quarter's $0.77 per share. GAAP EPS of $0.80 for Q2 were 3.9% higher than the prior-year quarter's $0.77 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 30.7%, 120 basis points better than the prior-year quarter. Operating margin was 9.1%, 50 basis points worse than the prior-year quarter. Net margin was 5.7%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $665.9 million. On the bottom line, the average EPS estimate is $0.95.
Next year's average estimate for revenue is $2.62 billion. The average EPS estimate is $3.53.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Moog is outperform, with an average price target of $50.13.
Looking for alternatives to Moog? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Moog to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.