Luminex (NAS: LMNX) reported earnings on Oct. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Luminex missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share shrank.
Gross margins expanded, operating margins shrank, net margins contracted.
Luminex booked revenue of $50.0 million. The nine analysts polled by S&P Capital IQ anticipated sales of $51.3 million on the same basis. GAAP reported sales were 9.9% higher than the prior-year quarter's $45.6 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 $0.04. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.07 per share. GAAP EPS of $0.04 for Q3 were 20% lower than the prior-year quarter's $0.05 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 70.0%, 320 basis points better than the prior-year quarter. Operating margin was 6.7%, 390 basis points worse than the prior-year quarter. Net margin was 3.3%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $59.4 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $207.4 million. The average EPS estimate is $0.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 91 members out of 104 rating the stock outperform, and 13 members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Luminex a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Luminex is outperform, with an average price target of $20.83.
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The article Luminex Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.
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