Fool Cheatsheet: Imation Earnings

Imation (NYS: IMN) reported earnings on Feb. 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Imation missed estimates on revenue and met expectations on earnings per share.

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

Gross margins shrank, operating margins contracted, and net margins expanded.

Revenue details
Imation logged revenue of $342.3 million. The one analyst polled by S&P Capital IQ looked for revenue of $355.0 million. Sales were 14% lower than the prior-year quarter's $398.4 million.


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

EPS details
EPS came in at -$0.34. The one earnings estimate compiled by S&P Capital IQ anticipated -$0.34 per share. GAAP EPS were -$0.34 for Q4 against -$3.63 per share for the prior-year quarter.


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 15.0%, 130 basis points worse than the prior-year quarter. Operating margin was -2.2%, 530 basis points worse than the prior-year quarter. Net margin was -3.8%, 3,080 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $295.0 million. On the bottom line, the average EPS estimate is -$0.14.

Next year's average estimate for revenue is $1.25 billion. The average EPS estimate is -$0.18.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 105 members out of 118 rating the stock outperform, and 13 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Imation a green thumbs-up, and four give it a red thumbs-down.

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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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