ZAGG (NAS: ZAGG) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), ZAGG beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share improved significantly.
Margins grew across the board.
ZAGG booked revenue of $61.6 million. The six analysts polled by S&P Capital IQ predicted net sales of $58.4 million on the same basis. GAAP reported sales were 59% higher than the prior-year quarter's $38.8 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 $0.18. The six earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.18 for Q2 were 80% higher than the prior-year quarter's $0.10 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 46.1%, 30 basis points better than the prior-year quarter. Operating margin was 17.5%, 190 basis points better than the prior-year quarter. Net margin was 9.4%, 230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $64.6 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $261.2 million. The average EPS estimate is $0.89.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 248 members out of 391 rating the stock outperform, and 143 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give ZAGG a green thumbs-up, and 83 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ZAGG is buy, with an average price target of $17.54.
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The article ZAGG Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.
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