Moog (NYS: MOGA) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 29 (Q3), Moog beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded. GAAP earnings per share dropped.


Gross margins dropped, operating margins increased, net margins dropped.

Revenue details
Moog notched revenue of $670.6 million. The seven analysts polled by S&P Capital IQ predicted revenue of $657.2 million on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $611.2 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 $0.90. The seven earnings estimates compiled by S&P Capital IQ forecast $0.82 per share. Non-GAAP EPS of $0.90 for Q3 were 5.9% higher than the prior-year quarter's $0.85 per share. GAAP EPS of $0.75 for Q3 were 12% lower than the prior-year quarter's $0.85 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 29.6%, 40 basis points worse than the prior-year quarter. Operating margin was 10.2%, 10 basis points better than the prior-year quarter. Net margin was 5.1%, 130 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $675.5 million. On the bottom line, the average EPS estimate is $1.01.

Next year's average estimate for revenue is $2.60 billion. The average EPS estimate is $3.39.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Moog is outperform, with an average price target of $52.88.

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The article Moog 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 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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