Bemis Company, Inc. delivered fourth-quarter 2017 adjusted earnings per share of 63 cents, beating the Zacks Consensus Estimate of 61 cents.. However, earnings dropped 6% year over year.
Including one-time costs, Bemis reported a loss of 44 cents per share against earnings of 64 cents per share reported in the prior-year quarter.
Operational Update
Net sales edged up 2% to $1,004 million from $988 million recorded in the year-ago quarter. Revenues also beat the Zacks Consensus Estimate of $986 million.
Cost of products sold went up 5% year over year to $810 million in the quarter. Gross profit declined 10% to $194 million from $216 million in the prior-year quarter. Gross margin contracted 250 basis points (bps) to 19.3% in the quarter.
Selling, general and administrative expenses decreased 3% to $94 million from $97 million incurred in the year-ago quarter. Adjusted operating income declined 10% year over year to $109 million. Adjusted operating margin contracted 140 bps to 10.8% in the quarter.
Bemis Company, Inc. Price, Consensus and EPS Surprise
H&E Equipment Services has an expected long-term earnings growth rate of 18.6%. The company’s shares have surged 76% over the past three months.
Applied Industrial Technologies has an expected long-term earnings growth rate of 12%. Its shares have gone up 37% over the past year.
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Zacks Names "Single Best Pick to Double"
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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