It's Showtime for Check Point Software Technologies
Check Point Software Technologies (NAS: CHKP) is expected to report Q3 earnings on Oct. 17. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Check Point Software Technologies's revenues will expand 7.9% and EPS will grow 6.9%.
The average estimate for revenue is $332.6 million. On the bottom line, the average EPS estimate is $0.77.
Last quarter, Check Point Software Technologies recorded revenue of $328.6 million. GAAP reported sales were 9.3% higher than the prior-year quarter's $300.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.77. GAAP EPS of $0.71 for Q2 were 18% higher than the prior-year quarter's $0.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 88.6%, 10 basis points better than the prior-year quarter. Operating margin was 54.9%, 500 basis points better than the prior-year quarter. Net margin was 45.6%, 300 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $1.36 billion. The average EPS estimate is $3.16.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 330 members out of 350 rating the stock outperform, and 20 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Check Point Software Technologies 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 Check Point Software Technologies is outperform, with an average price target of $66.71.
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The article It's Showtime for Check Point Software Technologies originally appeared on Fool.com.Seth Jayson had 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 owns shares of Check Point Software Technologies. Motley Fool newsletter services recommend Check Point Software Technologies. 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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