The 10-second takeaway
For the quarter ended March 30 (Q1), Sun Hydraulics met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share contracted.
Gross margins were steady, operating margins dropped, net margins contracted.
Sun Hydraulics reported revenue of $51.1 million. The two analysts polled by S&P Capital IQ expected to see net sales of $51.8 million on the same basis. GAAP reported sales were 7.6% lower than the prior-year quarter's $55.3 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 $0.37. The two earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. GAAP EPS of $0.37 for Q1 were 9.8% lower than the prior-year quarter's $0.41 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 40.2%, much about the same as the prior-year quarter. Operating margin was 27.3%, 30 basis points worse than the prior-year quarter. Net margin was 18.8%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $57.5 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $212.1 million. The average EPS estimate is $1.48.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,303 members out of 1,320 rating the stock outperform, and 17 members rating it underperform. Among 380 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 376 give Sun Hydraulics 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 Sun Hydraulics is hold, with an average price target of $31.00.
Looking for alternatives to Sun Hydraulics? 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 Sun Hydraulics to My Watchlist.