Impax Laboratories Crushes Estimates
Impax Laboratories (NAS: IPXL) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Impax Laboratories crushed expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly, and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins increased, and net margins increased.
Impax Laboratories reported revenue of $158.6 million. The 11 analysts polled by S&P Capital IQ predicted a top line of $127.4 million on the same basis. GAAP reported sales were 60% higher than the prior-year quarter's $99.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.36. The nine earnings estimates compiled by S&P Capital IQ forecast $0.19 per share on the same basis. GAAP EPS of $0.33 for Q4 were 74% higher than the prior-year quarter's $0.19 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 48.8%, 210 basis points worse than the prior-year quarter. Operating margin was 23.3%, 1,190 basis points better than the prior-year quarter. Net margin was 13.8%, 130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $163 million. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $666.1 million. The average EPS estimate is $1.81.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 172 members rating the stock outperform and 11 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Impax Laboratories a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Impax Laboratories is hold, with an average price target of $23.10.
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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.