Dresser-Rand Group Beats on Revenue, Matches Expectations on EPS

Dresser-Rand Group (NYS: DRC) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Dresser-Rand Group beat expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share expanded significantly.


Margins increased across the board.

Revenue details
Dresser-Rand Group reported revenue of $766.4 million. The 10 analysts polled by S&P Capital IQ hoped for a top line of $734.0 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $661.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.43. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.43 per share. GAAP EPS of $0.43 for Q1 were 39% higher than the prior-year quarter's $0.31 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 22.4%, 50 basis points better than the prior-year quarter. Operating margin was 8.5%, 70 basis points better than the prior-year quarter. Net margin was 4.3%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $859.1 million. On the bottom line, the average EPS estimate is $0.74.

Next year's average estimate for revenue is $3.54 billion. The average EPS estimate is $3.38.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 245 members out of 256 rating the stock outperform, and 11 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give Dresser-Rand Group a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dresser-Rand Group is outperform, with an average price target of $68.08.

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The article Dresser-Rand Group Beats on Revenue, Matches Expectations on EPS 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 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.

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