American Science & Engineering Beats on EPS But GAAP Results Lag
American Science & Engineering (NAS: ASEI) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q3), American Science & Engineering beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share contracted significantly.
Gross margins improved, operating margins shrank, net margins shrank.
American Science & Engineering reported revenue of $57.9 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $57.0 million. GAAP sales were 24% lower than the prior-year quarter's $76.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.84. The three earnings estimates compiled by S&P Capital IQ anticipated $0.79 per share. GAAP EPS of $0.84 for Q3 were 34% lower than the prior-year quarter's $1.28 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 45.7%, 40 basis points better than the prior-year quarter. Operating margin was 19.4%, 330 basis points worse than the prior-year quarter. Net margin was 13.0%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $57.2 million. On the bottom line, the average EPS estimate is $0.79.
Next year's average estimate for revenue is $221.6 million. The average EPS estimate is $2.93.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,002 members out of 1,029 rating the stock outperform, and 27 members rating it underperform. Among 366 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 361 give American Science & Engineering 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 American Science & Engineering is hold, with an average price target of $71.00.
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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. Motley Fool newsletter services have recommended buying shares of American Science & Engineering. 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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