Mitel Networks (NAS: MITL) filed its 10-K on June 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q4), Mitel Networks beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased significantly.
Margins expanded across the board.
Mitel Networks chalked up revenue of $157.6 million. The four analysts polled by S&P Capital IQ looked for net sales of $154.3 million on the same basis. GAAP reported sales were 3.5% higher than the prior-year quarter's $152.2 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 $0.29. The four earnings estimates compiled by S&P Capital IQ forecast $0.24 per share. GAAP EPS of $0.88 for Q4 were much higher than the prior-year quarter's $0.08 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 55.6%, 340 basis points better than the prior-year quarter. Operating margin was 11.0%, 540 basis points better than the prior-year quarter. Net margin was 31.2%, 2,830 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $153.7 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $633.2 million. The average EPS estimate is $1.05.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 17 members out of 21 rating the stock outperform, and four members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), three give Mitel Networks 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 Mitel Networks is buy, with an average price target of $5.00.
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The article Mitel Networks Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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