Hollysys Automation Technologies Beats Analyst Estimates on EPS
Hollysys Automation Technologies, Ltd (NAS: HOLI) reported earnings on May 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q3), Hollysys Automation Technologies, Ltd whiffed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved significantly.
Gross margins dropped, operating margins increased, net margins expanded.
Hollysys Automation Technologies, Ltd logged revenue of $66.1 million. The three analysts polled by S&P Capital IQ expected a top line of $74.7 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $55.8 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 $0.21. The three earnings estimates compiled by S&P Capital IQ anticipated $0.17 per share. GAAP EPS of $0.21 for Q3 were 24% higher than the prior-year quarter's $0.17 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 39.3%, 100 basis points worse than the prior-year quarter. Operating margin was 17.8%, 50 basis points better than the prior-year quarter. Net margin was 17.4%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $89.6 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $326.3 million. The average EPS estimate is $0.99.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 52 members out of 79 rating the stock outperform, and 27 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give Hollysys Automation Technologies, Ltd a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hollysys Automation Technologies, Ltd is outperform, with an average price target of $11.87.
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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.