The 10-second takeaway
For the quarter ended March 30 (Q1), Ducommun missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank. GAAP earnings per share grew significantly.
Gross margins were steady, operating margins shrank, net margins grew.
Ducommun reported revenue of $175.9 million. The five analysts polled by S&P Capital IQ anticipated revenue of $186.3 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 $0.35. The five earnings estimates compiled by S&P Capital IQ anticipated $0.47 per share. GAAP EPS of $0.35 for Q1 were 52% higher than the prior-year quarter's $0.23 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 18.7%, much about the same as the prior-year quarter. Operating margin was 5.9%, 60 basis points worse than the prior-year quarter. Net margin was 2.1%, 80 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $187.5 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $760.0 million. The average EPS estimate is $1.90.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 85 members out of 92 rating the stock outperform, and seven members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Ducommun a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ducommun is outperform, with an average price target of $23.50.
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