SS&C Technologies Holdings Beats on the Top Line
SS&C Technologies Holdings (NAS: SSNC) reported earnings on March 12. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), SS&C Technologies Holdings met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Margins improved across the board.
SS&C Technologies Holdings logged revenue of $95.7 million. The five analysts polled by S&P Capital IQ anticipated revenue of $96.1 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $86.1 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 $0.29. The four earnings estimates compiled by S&P Capital IQ forecast $0.28 per share on the same basis. GAAP EPS of $0.16 for Q4 were 33% higher than the prior-year quarter's $0.12 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 50.2%, 70 basis points better than the prior-year quarter. Operating margin was 24.8%, 40 basis points better than the prior-year quarter. Net margin was 13.9%, 320 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $95.6 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $402.6 million. The average EPS estimate is $1.21.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 17 members out of 20 rating the stock outperform, and three members rating it underperform. Among five CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give SS&C Technologies Holdings a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SS&C Technologies Holdings is outperform, with an average price target of $21.00.
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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. 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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