ShoreTel (NAS: SHOR) reported earnings on Aug. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q4), ShoreTel beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share grew.
Margins dropped across the board.
ShoreTel booked revenue of $78.5 million. The seven analysts polled by S&P Capital IQ hoped for sales of $74.2 million on the same basis. GAAP reported sales were 39% higher than the prior-year quarter's $56.5 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 $0.00. The six earnings estimates compiled by S&P Capital IQ predicted -$0.03 per share. GAAP EPS were -$0.09 for Q4 against -$0.04 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 60.9%, 470 basis points worse than the prior-year quarter. Operating margin was -5.5%, 270 basis points worse than the prior-year quarter. Net margin was -6.4%, 330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $73.8 million. On the bottom line, the average EPS estimate is -$0.03.
Next year's average estimate for revenue is $322.1 million. The average EPS estimate is $0.00.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 127 members out of 135 rating the stock outperform, and eight members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give ShoreTel a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ShoreTel is buy, with an average price target of $8.17.
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The article ShoreTel Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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