Thursday, March 7, 2013

Raven Industries Earnings Are on Deck

Raven Industries (Nasdaq: RAVN  ) is expected to report Q4 earnings on March 12. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Raven Industries's revenues will wither -3.7% and EPS will drop -16.7%.

The average estimate for revenue is $92.7 million. On the bottom line, the average EPS estimate is $0.25.

Revenue details
Last quarter, Raven Industries logged revenue of $97.0 million. GAAP reported sales were 4.0% higher than the prior-year quarter's $93.3 million.

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

EPS details
Last quarter, EPS came in at $0.30. GAAP EPS of $0.30 for Q3 were 3.2% lower 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.

Recent performance
For the preceding quarter, gross margin was 29.8%, 60 basis points better than the prior-year quarter. Operating margin was 16.2%, 190 basis points worse than the prior-year quarter. Net margin was 11.2%, 100 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $409.3 million. The average EPS estimate is $1.39.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 464 members out of 479 rating the stock outperform, and 15 members rating it underperform. Among 151 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 149 give Raven Industries 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 Raven Industries is outperform, with an average price target of $31.50.

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