Shuffle Master Beats on Revenue, Matches Expectations on EPS
Shuffle Master (NAS: SHFL) reported earnings on June 4. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q2), Shuffle Master beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased significantly.
Margins increased across the board.
Shuffle Master notched revenue of $66.1 million. The four analysts polled by S&P Capital IQ looked for a top line of $65.1 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $59.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.20. The six earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.17 for Q2 were 21% higher than the prior-year quarter's $0.14 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 64.3%, 400 basis points better than the prior-year quarter. Operating margin was 22.3%, 200 basis points better than the prior-year quarter. Net margin was 14.7%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $67.4 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $260.3 million. The average EPS estimate is $0.77.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 423 members out of 502 rating the stock outperform, and 80 members rating it underperform. Among 165 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 138 give Shuffle Master a green thumbs-up, and 27 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shuffle Master is outperform, with an average price target of $18.30.
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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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