Acme Packet (NAS: APKT) is expected to report Q2 earnings on July 26. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Acme Packet's revenue will compress 15.6% and EPS will contract 55.2%.
The average estimate for revenue is $67.3 million. On the bottom line, the average EPS estimate is $0.13.
Last quarter, Acme Packet reported revenue of $70.8 million. GAAP reported sales were 4.2% lower than the prior-year quarter's $74.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.17. GAAP EPS of $0.03 for Q1 were 84% lower than the prior-year quarter's $0.19 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 80.3%, 220 basis points worse than the prior-year quarter. Operating margin was 6.2%, 2,280 basis points worse than the prior-year quarter. Net margin was 3.4%, 1,510 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $296.5 million. The average EPS estimate is $0.72.
The stock has a three-star rating (out of five) at Motley Fool CAPS. Among 135 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 122 give Acme Packet a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Acme Packet is hold, with an average price target of $31.06.
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The article Can Acme Packet Meet These Numbers? originally appeared on Fool.com.
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