The Gory Details of CIBER's Earnings Miss

Seth Jayson, The Motley Fool
Updated

CIBER (NYS: CBR) reported earnings on Feb. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CIBER whiffed on revenues and whiffed on earnings per share.

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

Gross margins expanded, operating margins increased, net margins dropped.

Revenue details
CIBER logged revenue of $238.9 million. The three analysts polled by S&P Capital IQ predicted sales of $278.1 million on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $277.4 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.03. The five earnings estimates compiled by S&P Capital IQ predicted $0.05 per share on the same basis. GAAP EPS were -$0.23 for Q4 versus -$0.05 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 25.9%, 250 basis points better than the prior-year quarter. Operating margin was 2.1%, 620 basis points better than the prior-year quarter. Net margin was -6.8%, 560 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $280.8 million. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $1.15 billion. The average EPS estimate is $0.28.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 134 members out of 142 rating the stock outperform, and eight members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give CIBER a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CIBER is buy, with an average price target of $6.00.

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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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