Stratasys (NAS: SSYS) reported earnings Wednesday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Stratasys beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted significantly.
Gross margins improved, operating margins shrank, and net margins dropped.
Stratasys notched revenue of $49.4 million. The five analysts polled by S&P Capital IQ predicted sales of $46.4 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $37.6 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 $0.32. The five earnings estimates compiled by S&P Capital IQ predicted $0.32 per share. GAAP EPS of $0.14 for Q2 were 22% lower than the prior-year quarter's $0.18 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 52.9%, 30 basis points better than the prior-year quarter. Operating margin was 11.7%, 620 basis points worse than the prior-year quarter. Net margin was 6.1%, 450 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $46.5 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $188.0 million. The average EPS estimate is $1.31.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 614 members rating the stock outperform and 31 members rating it underperform. Among 166 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 159 give Stratasys a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Stratasys is hold, with an average price target of $51.00.
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The article Stratasys Beats on the Top Line originally appeared on Fool.com.
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