Exactech Misses Where It Counts
Exactech (NAS: EXAC) filed its 10-K on Thursday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Exactech met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly, and GAAP earnings per share shrank significantly.
Margins shrank across the board.
Exactech reported revenue of $53.1 million. The two analysts polled by S&P Capital IQ anticipated revenue of $53.7 million on the same basis. GAAP reported sales were 2.5% higher than the prior-year quarter's $51.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.18. The three earnings estimates compiled by S&P Capital IQ averaged $0.25 per share on the same basis. GAAP EPS of $0.14 for Q4 were 33% lower than the prior-year quarter's $0.21 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 68.5%, 30 basis points worse than the prior-year quarter. Operating margin was 7.3%, 350 basis points worse than the prior-year quarter. Net margin was 3.4%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $56 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $218.8 million. The average EPS estimate is $0.91.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 167 members rating the stock outperform and six members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Exactech a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exactech is outperform, with an average price target of $22.50.
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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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