American Science & Engineering Whiffs on Revenues
American Science & Engineering (NAS: ASEI) reported earnings on May 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), American Science & Engineering whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
American Science & Engineering recorded revenue of $39.8 million. The five analysts polled by S&P Capital IQ expected revenue of $59.3 million on the same basis. GAAP reported sales were 41% lower than the prior-year quarter's $67.7 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 $0.15. The five earnings estimates compiled by S&P Capital IQ averaged $0.83 per share. GAAP EPS of $0.15 for Q4 were 85% lower than the prior-year quarter's $1.03 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 44.4%, 120 basis points worse than the prior-year quarter. Operating margin was 4.9%, 1,650 basis points worse than the prior-year quarter. Net margin was 3.4%, 1,070 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $54.2 million. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $232.9 million. The average EPS estimate is $3.23.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 998 members out of 1,026 rating the stock outperform, and 28 members rating it underperform. Among 328 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 324 give American Science & Engineering a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Science & Engineering is hold, with an average price target of $71.50.
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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. Motley Fool newsletter services have recommended buying shares of American Science & Engineering. 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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