Shuffle Master Beats Up on Analysts Yet Again
Shuffle Master (NAS: SHFL) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q1), Shuffle Master beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins grew, and net margins improved.
Shuffle Master booked revenue of $56.1 million. The four analysts polled by S&P Capital IQ predicted revenue of $52.9 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $43.8 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 $0.14. The six earnings estimates compiled by S&P Capital IQ anticipated $0.12 per share. GAAP EPS of $0.14 for Q1 were 56% higher than the prior-year quarter's $0.09 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 63.9%, 270 basis points worse than the prior-year quarter. Operating margin was 19.8%, 370 basis points better than the prior-year quarter. Net margin was 13.6%, 260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $63.8 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $251.3 million. The average EPS estimate is $0.73.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 413 members rating the stock outperform and 80 members rating it underperform. Among 165 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 139 give Shuffle Master a green thumbs-up, and 26 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Shuffle Master is outperform, with an average price target of $13.45.
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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.