Charting Cass Information Systems's Latest Earnings Release
Cass Information Systems (NAS: CASS) reported earnings on Oct. 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Cass Information Systems missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share was unchanged.
Gross margins shrank, operating margins shrank, net margins increased.
Cass Information Systems notched revenue of $27.9 million. The one analyst polled by S&P Capital IQ foresaw revenue of $29.1 million on the same basis. GAAP reported sales were 3.6% lower than the prior-year quarter's $28.9 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 $0.58. The one earnings estimate compiled by S&P Capital IQ forecast $0.58 per share. GAAP EPS of $0.58 were the same as 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 43.0%, 530 basis points worse than the prior-year quarter. Operating margin was 28.6%, 410 basis points worse than the prior-year quarter. Net margin was 21.8%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $29.7 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $116.5 million. The average EPS estimate is $2.30.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 79 members out of 85 rating the stock outperform, and six members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Cass Information Systems a green thumbs-up, and three give it a red thumbs-down.
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The article Charting Cass Information Systems's Latest Earnings Release 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 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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