Rofin-Sinar Technologies Beats Expectations But Takes A Step Back Anyway
Rofin-Sinar Technologies (NAS: RSTI) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q3), Rofin-Sinar Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Rofin-Sinar Technologies booked revenue of $131.7 million. The eight analysts polled by S&P Capital IQ hoped for a top line of $132.5 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $154.9 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 six earnings estimates compiled by S&P Capital IQ predicted $0.28 per share. GAAP EPS of $0.29 for Q3 were 44% lower than the prior-year quarter's $0.52 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 37.5%, 170 basis points worse than the prior-year quarter. Operating margin was 9.1%, 500 basis points worse than the prior-year quarter. Net margin was 6.3%, 350 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $127.1 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $519.7 million. The average EPS estimate is $1.25.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,204 members out of 1,228 rating the stock outperform, and 24 members rating it underperform. Among 339 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 337 give Rofin-Sinar Technologies a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rofin-Sinar Technologies is outperform, with an average price target of $29.47.
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The article Rofin-Sinar Technologies Beats Expectations But Takes A Step Back Anyway originally appeared on Fool.com.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. The Motley Fool owns shares of Rofin-Sinar Technologies. Motley Fool newsletter services recommend Rofin-Sinar Technologies. 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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