Synchronoss Technologies Beats Up on Analysts Yet Again

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Synchronoss Technologies (NAS: SNCR) reported earnings on Feb. 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Synchronoss Technologies met expectations on revenue and beat expectations on earnings per share.

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

Margins increased across the board.

Revenue details
Synchronoss Technologies chalked up revenue of $62.2 million. The 11 analysts polled by S&P Capital IQ predicted net sales of $61.7 million. Sales were 26% higher than the prior-year quarter's $49.2 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $0.34. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.23 per share on the same basis. GAAP EPS were $0.21 for Q4 compared to -$0.10 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 54.4%, 230 basis points better than the prior-year quarter. Operating margin was 11.3%, 440 basis points better than the prior-year quarter. Net margin was 13.2%, 2,120 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $64.5 million. On the bottom line, the average EPS estimate is $0.23.

Next year's average estimate for revenue is $288.9 million. The average EPS estimate is $1.03.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 445 members out of 471 rating the stock outperform, and 26 members rating it underperform. Among 130 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 128 give Synchronoss Technologies 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 Synchronoss Technologies is outperform, with an average price target of $38.18.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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