American Science & Engineering Crushes Earnings Estimates

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American Science & Engineering (NAS: ASEI) reported earnings on Feb. 11. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q3), American Science & Engineering beat expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted.


Margins dropped across the board.

Revenue details
American Science & Engineering tallied revenue of $50.8 million. The four analysts polled by S&P Capital IQ foresaw revenue of $49.1 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $57.9 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.73. The three earnings estimates compiled by S&P Capital IQ predicted $0.53 per share. GAAP EPS of $0.73 for Q3 were 13% lower than the prior-year quarter's $0.84 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 44.7%, 100 basis points worse than the prior-year quarter. Operating margin was 18.1%, 130 basis points worse than the prior-year quarter. Net margin was 12.0%, 100 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $48.9 million. On the bottom line, the average EPS estimate is $0.48.

Next year's average estimate for revenue is $198.4 million. The average EPS estimate is $2.24.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 970 members out of 999 rating the stock outperform, and 29 members rating it underperform. Among 309 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 303 give American Science & Engineering a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Science & Engineering is hold, with an average price target of $63.40.

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The article American Science & Engineering Crushes Earnings Estimates originally appeared on Fool.com.

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. TMFDisclosureHere

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