Insulet Increases Sales but Misses Estimates on Earnings
Insulet (NAS: PODD) reported earnings on Nov. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Insulet met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share dropped.
Margins grew across the board.
Insulet recorded revenue of $54.8 million. The 16 analysts polled by S&P Capital IQ predicted sales of $54.9 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $44.6 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 -$0.26. The 14 earnings estimates compiled by S&P Capital IQ forecast -$0.22 per share. GAAP EPS were -$0.26 for Q3 compared to -$0.29 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 44.5%, 290 basis points better than the prior-year quarter. Operating margin was -15.5%, 640 basis points better than the prior-year quarter. Net margin was -22.7%, 770 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $60.0 million. On the bottom line, the average EPS estimate is -$0.17.
Next year's average estimate for revenue is $214.1 million. The average EPS estimate is -$0.99.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 68 members out of 111 rating the stock outperform, and 43 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Insulet a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Insulet is outperform, with an average price target of $22.91.
- Add Insulet to My Watchlist.
The article Insulet Increases Sales but Misses Estimates on Earnings 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.