Capstone Turbine Misses on Both Revenue and Earnings
Capstone Turbine (NAS: CPST) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Capstone Turbine missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP loss per share stayed the same.
Gross margins grew, operating margins dropped, net margins expanded.
Capstone Turbine reported revenue of $27.5 million. The five analysts polled by S&P Capital IQ predicted a top line of $29.4 million. GAAP sales were 14% higher than the prior-year quarter's $24.2 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 -$0.03. The five earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS of -$0.03 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 8.5%, 470 basis points better than the prior-year quarter. Operating margin was -28.4%, 170 basis points worse than the prior-year quarter. Net margin was -32.1%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $29.8 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $111.0 million. The average EPS estimate is -$0.09.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 573 members out of 611 rating the stock outperform, and 38 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Capstone Turbine a green thumbs-up, and 18 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Capstone Turbine is outperform, with an average price target of $2.39.
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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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