Global Power Equipment Group
The 10-second takeaway
For the quarter ended March 31 (Q1), Global Power Equipment Group beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Global Power Equipment Group reported revenue of $116.7 million. The six analysts polled by S&P Capital IQ foresaw revenue of $113.8 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $104.5 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 -$0.07. The six earnings estimates compiled by S&P Capital IQ predicted $0.14 per share. GAAP EPS were -$0.07 for Q1 versus $0.05 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 13.7%, 210 basis points worse than the prior-year quarter. Operating margin was -1.6%, 430 basis points worse than the prior-year quarter. Net margin was -1.1%, 190 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $114.6 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $500.3 million. The average EPS estimate is $0.84.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 29 members out of 29 rating the stock outperform, and members rating it underperform. Among five CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give Global Power Equipment Group 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 Global Power Equipment Group is outperform, with an average price target of $21.20.
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