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Rogers Meets on Revenues, Misses on EPS

By Seth Jayson – Updated Apr 10, 2017 at 7:32AM

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Just the facts, Fool.

Rogers (NYSE: ROG) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Rogers met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share increased significantly. GAAP earnings per share increased.

Margins increased across the board.

Revenue details
Rogers booked revenue of $126.0 million. The three analysts polled by S&P Capital IQ looked for revenue of $127.3 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 details
EPS came in at $0.44. The three earnings estimates compiled by S&P Capital IQ forecast $0.49 per share. Non-GAAP EPS of $0.44 for Q1 were 69% higher than the prior-year quarter's $0.26 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS were $0.40 for Q1 compared to -$0.11 per share for the prior-year quarter.

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 32.8%, 280 basis points better than the prior-year quarter. Operating margin was 8.6%, 310 basis points better than the prior-year quarter. Net margin was 5.6%, 710 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $133.0 million. On the bottom line, the average EPS estimate is $0.65.

Next year's average estimate for revenue is $538.8 million. The average EPS estimate is $2.62.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 100 members out of 109 rating the stock outperform, and nine members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Rogers a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rogers is outperform, with an average price target of $55.33.

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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. 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.

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