John Bean Technologies
The 10-second takeaway
For the quarter ended March 31 (Q1), John Bean Technologies whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share expanded.
Gross margins increased, operating margins shrank, net margins increased.
John Bean Technologies recorded revenue of $185.7 million. The two analysts polled by S&P Capital IQ predicted revenue of $215.1 million on the same basis. GAAP reported sales were 9.3% lower than the prior-year quarter's $204.7 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 $0.14. The three earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.14 for Q1 were 7.7% higher than the prior-year quarter's $0.13 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 27.1%, 250 basis points better than the prior-year quarter. Operating margin was 3.3%, 100 basis points worse than the prior-year quarter. Net margin was 2.2%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $244.1 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $971.8 million. The average EPS estimate is $1.46.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 102 members out of 103 rating the stock outperform, and one members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 37 give John Bean Technologies a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on John Bean Technologies is outperform, with an average price target of $22.67.
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