iGATE Beats Analyst Estimates on EPS
iGATE (NAS: IGTE) reported earnings on Jan. 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), iGATE met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew significantly.
Gross margins grew, operating margins dropped, net margins grew.
iGATE chalked up revenue of $271.6 million. The 10 analysts polled by S&P Capital IQ wanted to see a top line of $271.9 million on the same basis. GAAP reported sales were 1.4% higher than the prior-year quarter's $267.7 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 $0.47. The nine earnings estimates compiled by S&P Capital IQ predicted $0.40 per share. GAAP EPS of $0.43 for Q4 were 291% higher than the prior-year quarter's $0.11 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 40.6%, 30 basis points better than the prior-year quarter. Operating margin was 21.0%, 70 basis points worse than the prior-year quarter. Net margin was 11.8%, 610 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $274.4 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $1.69.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 200 members out of 207 rating the stock outperform, and seven members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give iGATE a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on iGATE is outperform, with an average price target of $21.13.
Is iGATE playing the right part in the new technology revolution? Computers, mobile devices, and related services are creating huge amounts of valuable data, but only for companies that can crunch the numbers and make sense of it. Meet the leader in this field in "The Only Stock You Need To Profit From the NEW Technology Revolution." Click here for instant access to this free report.
Add iGATE to My Watchlist.
The article iGATE Beats Analyst Estimates on EPS 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 position in any of the stocks mentioned. 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 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.