Wesco Aircraft Holdings Increases Sales but Misses Estimates on Earnings

Wesco Aircraft Holdings (NYSE: WAIR  ) reported earnings on Jan. 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Wesco Aircraft Holdings missed estimates on revenues and missed estimates on earnings per share.

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

Margins shrank across the board.

Revenue details
Wesco Aircraft Holdings booked revenue of $211.2 million. The six analysts polled by S&P Capital IQ anticipated revenue of $216.8 million on the same basis. GAAP reported sales were 9.7% higher than the prior-year quarter's $192.6 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 $0.25. The five earnings estimates compiled by S&P Capital IQ forecast $0.27 per share. GAAP EPS of $0.19 for Q1 were 30% lower than the prior-year quarter's $0.27 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 35.1%, 300 basis points worse than the prior-year quarter. Operating margin was 18.6%, 480 basis points worse than the prior-year quarter. Net margin was 8.7%, 330 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $215.3 million. On the bottom line, the average EPS estimate is $0.27.

Next year's average estimate for revenue is $889.4 million. The average EPS estimate is $1.15.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wesco Aircraft Holdings is outperform, with an average price target of $16.11.

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