Websense (NAS: WBSN) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Websense beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share grew.
Gross margins shrank, operating margins contracted, net margins grew.
Websense chalked up revenue of $87.5 million. The 10 analysts polled by S&P Capital IQ expected revenue of $85.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.20. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.18 per share. Non-GAAP EPS of $0.20 for Q1 were 44% lower than the prior-year quarter's $0.36 per share. GAAP EPS were $0.08 for Q1 against -$0.05 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 83.6%, 60 basis points worse than the prior-year quarter. Operating margin was 4.0%, 800 basis points worse than the prior-year quarter. Net margin was 3.2%, 520 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $87.5 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $356.0 million. The average EPS estimate is $0.88.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 90 members out of 110 rating the stock outperform, and 20 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Websense 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 Websense is hold, with an average price target of $14.79.
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The article Websense Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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