GenCorp EPS of -$0.03

GenCorp (GY): FQ1 EPS of -$0.03.

Revenue of $329.7M misses by $91.3M.

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Comments (1)
  • chandroth44
    , contributor
    Comments (4) | Send Message
    "Oppenheimer notes, GY posted FY1Q14 results impacted by an accounting change and lumpiness, as legacy revenues fell 42%. Backlog grew an impressive $500M q/q, to $3B, led by large gains in the unfunded portion. Co remains on track for long-term revenue growth of 3%-5%, in firm's opinion. Importantly, EBITDAP margins improved 140 bps q/q giving confidence in mgmt's 13-14% guidance. Maintain FY2014 EPS estimate of $0.44 and Outperform rating."


    overall the sell off is unwarranted and company is on it's way to growth and profitability.
    31 Mar 2014, 09:56 PM Reply Like
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