ExamWorks Group Beats on Both Top and Bottom Lines
ExamWorks Group (NYS: EXAM) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), ExamWorks Group beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share.
Gross margins expanded, operating margins dropped, net margins contracted.
ExamWorks Group recorded revenue of $127.8 million. The four analysts polled by S&P Capital IQ foresaw a top line of $125.1 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $106.7 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 -$0.10. The four earnings estimates compiled by S&P Capital IQ predicted -$0.11 per share. GAAP EPS were -$0.10 for Q2 versus $0.00 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.1%, 20 basis points better than the prior-year quarter. Operating margin was 1.4%, 290 basis points worse than the prior-year quarter. Net margin was -2.6%, 250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $127.8 million. On the bottom line, the average EPS estimate is -$0.10.
Next year's average estimate for revenue is $517.0 million. The average EPS estimate is -$0.39.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 13 members out of 21 rating the stock outperform, and eight members rating it underperform. Among eight CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give ExamWorks Group a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ExamWorks Group is outperform, with an average price target of $13.75.
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The article ExamWorks Group Beats on Both Top and Bottom Lines 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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