The 10-second takeaway
For the quarter ended June 30 (Q2), Rogers met expectations on revenues and missed slightly on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share increased. GAAP earnings per share shrank significantly.
Gross margins grew, operating margins grew, net margins dropped.
Rogers reported revenue of $132.5 million. The three analysts polled by S&P Capital IQ wanted to see revenue of $132.0 million on the same basis. GAAP reported sales were 4.6% higher than the prior-year quarter's $126.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.53. The three earnings estimates compiled by S&P Capital IQ predicted $0.54 per share. Non-GAAP EPS of $0.53 for Q2 were 13% higher than the prior-year quarter's $0.47 per share. GAAP EPS of $0.32 for Q2 were 16% lower than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 33.5%, 350 basis points better than the prior-year quarter. Operating margin was 9.5%, 80 basis points better than the prior-year quarter. Net margin was 4.2%, 90 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $140.1 million. On the bottom line, the average EPS estimate is $0.68.
Next year's average estimate for revenue is $535.9 million. The average EPS estimate is $2.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 99 members out of 107 rating the stock outperform, and eight members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Rogers 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 Rogers is hold, with an average price target of $51.67.
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