LB Foster Beats on Both Top and Bottom Lines
Nov 5th 2012 1:05PM
Updated Nov 5th 2012 1:06PM
LB Foster (NAS: FSTR) reported earnings on Nov. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), LB Foster beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share shrank.
Margins contracted across the board.
LB Foster reported revenue of $170.3 million. The two analysts polled by S&P Capital IQ foresaw a top line of $167.5 million on the same basis. GAAP reported sales were 4.7% higher than the prior-year quarter's $162.7 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 $1.00. The two earnings estimates compiled by S&P Capital IQ anticipated $0.89 per share. GAAP EPS of $0.81 for Q3 were 15% lower than the prior-year quarter's $0.95 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 18.0%, 90 basis points worse than the prior-year quarter. Operating margin was 7.7%, 10 basis points worse than the prior-year quarter. Net margin was 4.8%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $153.0 million. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $603.9 million. The average EPS estimate is $2.19.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 438 members out of 465 rating the stock outperform, and 27 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 90 give LB Foster 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 LB Foster is outperform, with an average price target of $40.00.
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The article LB Foster 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 has no positions in the stocks mentioned above. 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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