Cyberonics Beats on Both Top and Bottom Lines
Cyberonics (NAS: CYBX) reported earnings on June 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 27 (Q4), Cyberonics beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.
Margins increased across the board.
Cyberonics notched revenue of $57.6 million. The eight analysts polled by S&P Capital IQ foresaw revenue of $56.5 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $51.1 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 $0.39. The eight earnings estimates compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS of $0.38 for Q4 were 46% higher than the prior-year quarter's $0.26 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 92.2%, 430 basis points better than the prior-year quarter. Operating margin was 31.2%, 570 basis points better than the prior-year quarter. Net margin was 18.5%, 400 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $58.2 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $243.1 million. The average EPS estimate is $1.55.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 124 members out of 157 rating the stock outperform, and 33 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Cyberonics 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 Cyberonics is outperform, with an average price target of $41.86.
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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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