Furmanite (NYS: FRM) reported earnings on Aug. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Furmanite met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped significantly.
Gross margins were steady, operating margins dropped, net margins dropped.
Furmanite reported revenue of $85.9 million. The three analysts polled by S&P Capital IQ expected revenue of $85.6 million on the same basis. GAAP reported sales were 3.5% higher than the prior-year quarter's $83.0 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 $0.07. The three earnings estimates compiled by S&P Capital IQ anticipated $0.07 per share. GAAP EPS of $0.05 for Q2 were 64% lower than the prior-year quarter's $0.14 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 32.1%, about the same as the prior-year quarter. Operating margin was 5.6%, 260 basis points worse than the prior-year quarter. Net margin was 2.1%, 410 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $80.7 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $327.2 million. The average EPS estimate is $0.19.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Furmanite is outperform, with an average price target of $7.00.
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The article Golf Clap for Furmanite originally appeared on Fool.com.
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