American Science & Engineering Beats on Both Top and Bottom Lines
American Science & Engineering (NAS: ASEI) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q1), American Science & Engineering beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
American Science & Engineering logged revenue of $47.3 million. The four analysts polled by S&P Capital IQ looked for revenue of $46.4 million on the same basis. GAAP reported sales were 7.4% lower than the prior-year quarter's $51.1 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 $0.47. The three earnings estimates compiled by S&P Capital IQ averaged $0.29 per share. GAAP EPS of $0.47 for Q1 were 23% lower than the prior-year quarter's $0.61 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 45.4%, 140 basis points worse than the prior-year quarter. Operating margin was 13.4%, 340 basis points worse than the prior-year quarter. Net margin was 8.9%, 220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $46.9 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $198.5 million. The average EPS estimate is $2.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 985 members out of 1,014 rating the stock outperform, and 29 members rating it underperform. Among 278 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 272 give American Science & Engineering a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Science & Engineering is hold, with an average price target of $58.40.
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The article American Science & Engineering Beats on Both Top and Bottom Lines 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 has no positions in the stocks mentioned above. Motley Fool newsletter services recommend American Science & Engineering. 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.