Robbins & Myers Beats on EPS But GAAP Results Lag
Jun 27th 2012 11:58AM
Updated Jun 27th 2012 12:06PM
Robbins & Myers (NYS: RBN) reported earnings on June 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 31 (Q3), Robbins & Myers met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped significantly.
Gross margins grew, operating margins grew, and net margins dropped.
Robbins & Myers recorded revenue of $266.3 million. The 11 analysts polled by S&P Capital IQ expected revenue of $267.6 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $237.1 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 $0.92. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.89 per share. GAAP EPS of $1.02 for Q3 were 34% lower than the prior-year quarter's $1.54 per share. (The prior-year quarter included $1.13 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.9%, 30 basis points better than the prior-year quarter. Operating margin was 23.2%, 340 basis points better than the prior-year quarter. Net margin was 16.6%, 1,330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $285.5 million. On the bottom line, the average EPS estimate is $1.04.
Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is $3.53.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 193 members out of 203 rating the stock outperform, and 10 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Robbins & Myers a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Robbins & Myers is outperform, with an average price target of $62.18.
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The article Robbins & Myers Beats on EPS But GAAP Results Lag originally appeared on Fool.com.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. 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.
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