OYO Geospace Increases Sales but Misses Revenue Estimate

Seth Jayson, The Motley Fool
Updated

OYO Geospace (NAS: OYOG) reported earnings on Feb. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), OYO Geospace missed estimates on revenues and beat expectations on earnings per share.

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

Margins improved across the board.

Revenue details
OYO Geospace chalked up revenue of $43.3 million. The four analysts polled by S&P Capital IQ looked for a top line of $45.3 million. Sales were 0.4% higher than the prior-year quarter's $43.1 million.

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

EPS details
EPS came in at $1.35. The four earnings estimates compiled by S&P Capital IQ predicted $1.24 per share. GAAP EPS of $1.35 for Q1 were 3.8% higher than the prior-year quarter's $1.30 per share.

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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 47.7%, 340 basis points better than the prior-year quarter. Operating margin was 29.1%, 180 basis points better than the prior-year quarter. Net margin was 20.1%, 100 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $49.8 million. On the bottom line, the average EPS estimate is $1.46.

Next year's average estimate for revenue is $193.2 million. The average EPS estimate is $5.86.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,228 members out of 1,253 rating the stock outperform, and 25 members rating it underperform. Among 479 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 474 give OYO Geospace a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OYO Geospace is buy, with an average price target of $124.40.

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At the time thisarticle was published Seth Jayson owned shares of the following at the time of publication: OYO Geospace. 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. Motley Fool newsletter services have recommended buying shares of OYO Geospace. 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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