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.
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 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.
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.)
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.
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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