The 10-second takeaway
For the quarter ended March 30 (Q1), SunOpta met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share didn't move.
Margins contracted across the board.
SunOpta reported revenue of $282.8 million. The three analysts polled by S&P Capital IQ foresaw sales of $281.3 million on the same basis. GAAP reported sales were 9.1% higher than the prior-year quarter's $259.3 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 $0.08. The six earnings estimates compiled by S&P Capital IQ anticipated $0.09 per share. GAAP EPS of $0.08 were the same as 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 12.1%, 120 basis points worse than the prior-year quarter. Operating margin was 3.6%, 140 basis points worse than the prior-year quarter. Net margin was 1.8%, 50 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $298.0 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $1.17 billion. The average EPS estimate is $0.43.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 226 members out of 328 rating the stock outperform, and 102 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give SunOpta a green thumbs-up, and 46 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SunOpta is outperform, with an average price target of $8.24.
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