SciQuest Hits Estimates, but GAAP Results Lag Last Year's
SciQuest (NAS: SQI) reported earnings on Thursday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), SciQuest met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share dropped.
Margins shrank across the board.
SciQuest logged revenue of $15.2 million. The eight analysts polled by S&P Capital IQ expected sales of $15.1 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $12.9 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 $0.06. The seven earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS of $0.02 for Q2 were 33% lower than the prior-year quarter's $0.03 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 71.0%, 470 basis points worse than the prior-year quarter. Operating margin was 5.4%, 350 basis points worse than the prior-year quarter. Net margin was 2.6%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $17.7 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $66.7 million. The average EPS estimate is $0.24.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 17 members rating the stock outperform and four members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give SciQuest a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SciQuest is buy, with an average price target of $19.61.
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The article SciQuest Hits Estimates, but GAAP Results Lag Last Year's originally appeared on Fool.com.Seth Jaysonhad 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. 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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