The 10-second takeaway
For the quarter ended May 31 (Q1), Ennis missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. GAAP earnings per share grew significantly.
Margins grew across the board.
Ennis booked revenue of $138.5 million. The two analysts polled by S&P Capital IQ predicted a top line of $143.9 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 $0.33. The two earnings estimates compiled by S&P Capital IQ predicted $0.33 per share. GAAP EPS of $0.33 for Q1 were 120% higher than the prior-year quarter's $0.15 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 25.9%, 610 basis points better than the prior-year quarter. Operating margin was 9.8%, 540 basis points better than the prior-year quarter. Net margin was 6.1%, 340 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $143.2 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $551.3 million. The average EPS estimate is $1.44.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 135 members out of 139 rating the stock outperform, and four members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Ennis 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 Ennis is outperform, with an average price target of $19.50.
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