SS&C Technologies Holdings Increases Sales but Misses Revenue Estimate
SS&C Technologies Holdings (NAS: SSNC) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), SS&C Technologies Holdings missed slightly on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share grew significantly.
Gross margin was steady, operating margin dropped, and net margin expanded.
SS&C Technologies Holdings reported revenue of $93.7 million. The five analysts polled by S&P Capital IQ wanted to see revenue of $95.6 million on the same basis. GAAP-reported sales were 5.2% higher than the prior-year quarter's $89 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 $0.28. The six earnings estimates compiled by S&P Capital IQ predicted $0.28 per share. GAAP EPS of $0.22 for Q1 were 83% 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%, about the same as the prior-year quarter. Operating margin was 23.6%, 240 basis points worse than the prior-year quarter. Net margin was 19.1%, 810 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $101.3 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $428.3 million. The average EPS estimate is $1.25.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 18 members rating the stock outperform and three members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all four give SS&C Technologies Holdings a green thumbs-up.
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 $25.
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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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