MICROS Systems (NAS: MCRS) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q3), MICROS Systems missed estimates on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded. GAAP earnings per share expanded.
Margins dropped across the board.
MICROS Systems chalked up revenue of $315.1 million. The 13 analysts polled by S&P Capital IQ anticipated a top line of $330.7 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $278.0 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 $0.62. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. Non-GAAP EPS of $0.62 for Q3 were 11% higher than the prior-year quarter's $0.56 per share. GAAP EPS of $0.55 for Q3 were 3.8% higher than the prior-year quarter's $0.53 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 52.5%, 240 basis points worse than the prior-year quarter. Operating margin was 19.2%, 90 basis points worse than the prior-year quarter. Net margin was 14.0%, 160 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $325.7 million. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $1.27 billion. The average EPS estimate is $2.39.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 136 members out of 146 rating the stock outperform, and 10 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give MICROS Systems a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MICROS Systems is outperform, with an average price target of $55.55.
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The article MICROS Systems Misses on Revenues but Beats on EPS originally appeared on Fool.com.
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