Libbey (AMEX: LBY) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Libbey missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share contracted. GAAP earnings per share grew.
Gross margins grew, operating margins dropped, net margins expanded.
Libbey logged revenue of $210.7 million. The two analysts polled by S&P Capital IQ wanted to see a top line of $219.4 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 $0.84. The two earnings estimates compiled by S&P Capital IQ predicted $0.76 per share. Non-GAAP EPS of $0.84 for Q2 were 14% lower than the prior-year quarter's $0.98 per share. GAAP EPS were $0.57 for Q2 against -$0.49 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 27.3%, 50 basis points better than the prior-year quarter. Operating margin was 13.2%, 60 basis points worse than the prior-year quarter. Net margin was 5.9%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $218.4 million. On the bottom line, the average EPS estimate is $0.74.
Next year's average estimate for revenue is $851.1 million. The average EPS estimate is $2.23.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 51 members out of 70 rating the stock outperform, and 19 members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Libbey a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Libbey is buy, with an average price target of $30.00.
Looking for alternatives to Libbey? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Libbey to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.