Synchronoss Technologies (NAS: SNCR) reported earnings on Aug. 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Synchronoss Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved significantly.
Margins improved across the board.
Synchronoss Technologies notched revenue of $67.0 million. The 13 analysts polled by S&P Capital IQ wanted to see revenue of $66.8 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $54.8 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 $0.29. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.26 per share. GAAP EPS of $0.31 for Q2 were 417% higher than the prior-year quarter's $0.06 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 60.2%, 740 basis points better than the prior-year quarter. Operating margin was 16.1%, 790 basis points better than the prior-year quarter. Net margin was 17.8%, 1,200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $69.3 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $274.2 million. The average EPS estimate is $1.09.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 450 members out of 476 rating the stock outperform, and 26 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 100 give Synchronoss Technologies a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Synchronoss Technologies is outperform, with an average price target of $33.18.
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The article Synchronoss Technologies Beats Up on Analysts Yet Again originally appeared on Fool.com.
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