ViaSat (NAS: VSAT) reported earnings on Feb. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 30 (Q3), ViaSat missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share shrank significantly.
Margins dropped across the board.
ViaSat booked revenue of $205.0 million. The nine analysts polled by S&P Capital IQ looked for revenue of $225.5 million. Sales were 4.6% higher than the prior-year quarter's $195.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.26. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.25 per share on the same basis. GAAP EPS of $0.12 for Q3 were 60% lower than the prior-year quarter's $0.30 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 28.4%, 170 basis points worse than the prior-year quarter. Operating margin was 0.9%, 270 basis points worse than the prior-year quarter. Net margin was 2.5%, 410 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $253.4 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $891.3 million. The average EPS estimate is $0.87.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 95 members out of 104 rating the stock outperform, and nine members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give ViaSat a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ViaSat is hold, with an average price target of $44.70.
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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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