Sun Hydraulics Beats on Both Top and Bottom Lines
Aug 7th 2012 1:44PM
Updated Aug 7th 2012 1:48PM
Sun Hydraulics (NAS: SNHY) reported earnings on Aug. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Sun Hydraulics beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded.
Margins expanded across the board.
Sun Hydraulics chalked up revenue of $57.0 million. The three analysts polled by S&P Capital IQ foresaw a top line of $56.0 million on the same basis. GAAP reported sales were 4.1% higher than the prior-year quarter's $54.8 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 $0.43. The three earnings estimates compiled by S&P Capital IQ anticipated $0.41 per share. GAAP EPS of $0.43 for Q2 were 4.9% higher than the prior-year quarter's $0.41 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 40.3%, 70 basis points better than the prior-year quarter. Operating margin was 28.9%, 80 basis points better than the prior-year quarter. Net margin was 19.7%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $55.1 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $217.6 million. The average EPS estimate is $1.62.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,303 members out of 1,319 rating the stock outperform, and 16 members rating it underperform. Among 347 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 345 give Sun Hydraulics 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 Sun Hydraulics is hold, with an average price target of $30.00.
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The article Sun Hydraulics Beats on Both Top and Bottom Lines 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. The Motley Fool owns shares of Sun Hydraulics. Motley Fool newsletter services recommend Sun Hydraulics. 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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