MICROS Systems Meets Estimates


MICROS Systems (NAS: MCRS) reported earnings on Jan. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q2), MICROS Systems met expectations on revenues and met expectations on earnings per share.

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

Gross margins improved, operating margins were steady, net margins increased.

Revenue details
MICROS Systems recorded revenue of $270.4 million. The 11 analysts polled by S&P Capital IQ anticipated a top line of $270.2 million. Sales were 9.4% higher than the prior-year quarter's $247.1 million.


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

EPS details
Non-GAAP EPS came in at $0.51. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.51 per share on the same basis. GAAP EPS of $0.47 for Q2 were 21% higher than the prior-year quarter's $0.39 per share.


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 56.3%, 70 basis points better than the prior-year quarter. Operating margin was 20.1%, about the same as the prior-year quarter. Net margin was 14.2%, 110 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $277.9 million. On the bottom line, the average EPS estimate is $0.52.

Next year's average estimate for revenue is $1.11 billion. The average EPS estimate is $2.12.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 108 members out of 115 rating the stock outperform, and seven members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give MICROS Systems 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 MICROS Systems is buy, with an average price target of $59.05.

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At the time thisarticle 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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