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NASDAQ:ATRO
Astronics Corporation Stock Earnings Reports
$18.51
-0.200 (-1.07%)
At Close: Feb 14, 2025
Astronics Earnings Calls
Q4 2024
(Upcoming)
| Release date | Feb 26, 2025 |
| EPS estimate | $0.200 |
| EPS actual | - |
| Revenue estimate | 194.907M |
| Revenue actual | - |
| Expected change | +/- 8.71% |
Q3 2024
Beat
$0.350 (94.44%)
| Release date | Nov 06, 2024 |
| EPS estimate | $0.180 |
| EPS actual | $0.350 |
| EPS Surprise | 94.44% |
| Revenue estimate | 194.907M |
| Revenue actual | 203.698M |
| Revenue Surprise | 4.51% |
Q2 2024
Missed
$0.0400 (-76.47%)
| Release date | Aug 01, 2024 |
| EPS estimate | $0.170 |
| EPS actual | $0.0400 |
| EPS Surprise | -76.47% |
| Revenue estimate | 193.57M |
| Revenue actual | 198.114M |
| Revenue Surprise | 2.35% |
Q1 2024
Missed
-$0.0900 (-280.00%)
| Release date | May 02, 2024 |
| EPS estimate | $0.0500 |
| EPS actual | -$0.0900 |
| EPS Surprise | -280.00% |
| Revenue estimate | 173.27M |
| Revenue actual | 185.074M |
| Revenue Surprise | 6.81% |
Last 4 Quarters for Astronics
Below you can see how ATRO performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
| Release date | May 02, 2024 |
| Fiscal end date | Mar 30, 2024 |
| Price on release | $17.22 |
| EPS estimate | $0.0500 |
| EPS actual | -$0.0900 |
| EPS surprise | -280.00% |
| Date | Price |
|---|---|
| Apr 26, 2024 | $16.58 |
| Apr 29, 2024 | $16.66 |
| Apr 30, 2024 | $16.77 |
| May 01, 2024 | $17.03 |
| May 02, 2024 | $17.22 |
| May 03, 2024 | $18.37 |
| May 06, 2024 | $18.77 |
| May 07, 2024 | $18.69 |
| May 08, 2024 | $18.27 |
| 4 days before | 3.86% |
| 4 days after | 6.10% |
| On release day | 6.68% |
| Change in period | 10.19% |
Q2 2024
Missed
| Release date | Aug 01, 2024 |
| Fiscal end date | Jun 29, 2024 |
| Price on release | $21.82 |
| EPS estimate | $0.170 |
| EPS actual | $0.0400 |
| EPS surprise | -76.47% |
| Date | Price |
|---|---|
| Jul 26, 2024 | $22.48 |
| Jul 29, 2024 | $22.32 |
| Jul 30, 2024 | $22.23 |
| Jul 31, 2024 | $23.03 |
| Aug 01, 2024 | $21.82 |
| Aug 02, 2024 | $20.14 |
| Aug 05, 2024 | $18.30 |
| Aug 06, 2024 | $18.41 |
| Aug 07, 2024 | $18.37 |
| 4 days before | -2.94% |
| 4 days after | -15.81% |
| On release day | -7.70% |
| Change in period | -18.28% |
Q3 2024
Beat
| Release date | Nov 06, 2024 |
| Fiscal end date | Sep 28, 2024 |
| Price on release | $20.57 |
| EPS estimate | $0.180 |
| EPS actual | $0.350 |
| EPS surprise | 94.44% |
| Date | Price |
|---|---|
| Oct 31, 2024 | $17.39 |
| Nov 01, 2024 | $17.71 |
| Nov 04, 2024 | $18.19 |
| Nov 05, 2024 | $18.58 |
| Nov 06, 2024 | $20.57 |
| Nov 07, 2024 | $18.13 |
| Nov 08, 2024 | $18.09 |
| Nov 11, 2024 | $17.36 |
| Nov 12, 2024 | $16.87 |
| 4 days before | 18.29% |
| 4 days after | -17.99% |
| On release day | -11.86% |
| Change in period | -2.99% |
Q4 2024
(Upcoming)
| Release date | Feb 26, 2025 |
| Fiscal end date | Dec 28, 2024 |
| Price on release | - |
| EPS estimate | $0.200 |
| EPS actual | - |
| Date | Price |
|---|---|
| Feb 10, 2025 | $18.90 |
| Feb 11, 2025 | $18.77 |
| Feb 12, 2025 | $18.45 |
| Feb 13, 2025 | $18.71 |
| Feb 14, 2025 | $18.51 |
Astronics Earnings Call Transcript Summary of Q3 2024
- Company Leadership Changes:
- CFO Dave Burney will retire in early 2025 after 29 years with Astronics. Nancy Hedges, the current Controller and Principal Accounting Officer, will succeed him.
- Financial Performance:
- Sales Growth: Revenue increased by 25% year-over-year, aligning with the high end of forecasts, reaching nearly $800 million for the year.
- Adjusted Net Income: Reported at $12.2 million, or $0.35 per share.
- Adjusted EBITDA: Recorded at $27 million, representing 13% of sales, with a trailing 12-month adjusted EBITDA totaling $91 million.
- Aerospace Segment: Sales up 25% for the quarter and 19% year-to-date, with an adjusted operating margin of 14.2%, significantly improving from 3.5% in the prior year.
- Operational Trends:
- Supply Chain Improvements: General improvements noted, contributing positively to operational efficiency and performance.
- Input Costs: Inflation pressures continue to ease.
- Employee Efficiency: Increased familiarity among the workforce is enhancing operational efficiency.
- Backlog: Strengthened at $612 million, positioning the company for continued growth into Q4.
- Adjustments in Financials:
- Significant adjustments due to refinancing costs and warranty reserves totaling $10.5 million were outlined. Adjusted operating margin reached 9.6%, up from near zero in the previous year.
- Legal Matters:
- Ongoing patent litigation in the UK and Germany is expected to have financial implications, with a potential damage claim up to $105 million in the UK. The company has set aside $7.4 million for anticipated damages. However, management believes they can appeal and that recent patent expirations do not impact current operations.
- Q4 Guidance:
- Expected sales range is $190 million to $210 million, primarily due to uncertainties from ongoing Boeing strike impacts, with the potential to bring 2024 year-end sales to about $777-$797 million.
- Future Outlook:
- While maintaining optimism for sustained growth in 2025, management anticipates a less aggressive growth trajectory compared to 2024. Detailed forecasting is slated for December or January release.
This earnings call reflects a strong operational recovery for Astronics, with several positive signals in revenue growth and improved margins, although external factors such as legal disputes and supply chain dynamics remain critical areas to watch for investors.
Astronics Earnings History
Earnings Calendar
FAQ
When is the earnings report for ATRO?
Astronics Corporation (ATRO) has scheduled its earnings report for Feb 26, 2025 before the markets open.
What is the ATRO price-to-earnings (P/E) ratio?
ATRO P/E ratio as of Feb 14, 2025 (TTM) is -100.82.
What is the ATRO EPS forecast?
The forecasted EPS (Earnings Per Share) for Astronics Corporation (ATRO) for the first fiscal quarter 2024 is $0.200.
What are Astronics Corporation's retained earnings?
On its balance sheet, Astronics Corporation reported retained earnings of $203.70 million for the latest quarter ending Sep 28, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
