FLIR Systems Increases Sales but Misses Revenue Estimate

Seth Jayson, The Motley Fool
Updated

FLIR Systems (NAS: FLIR) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), FLIR Systems missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue was unchanged. GAAP earnings per share increased.


Margins grew across the board.

Revenue details
 FLIR Systems booked revenue of $348.6 million. The 10 analysts polled by S&P Capital IQ predicted revenue of $363.1 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 details
 EPS came in at $0.35. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.36 per share. GAAP EPS of $0.35 for Q1 were 13% higher than the prior-year quarter's $0.31 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 52.8%, 40 basis points better than the prior-year quarter. Operating margin was 19.8%, 20 basis points better than the prior-year quarter. Net margin was 14.8%, 100 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $368.8 million. On the bottom line, the average EPS estimate is $0.37.

Next year's average estimate for revenue is $1.52 billion. The average EPS estimate is $1.65.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 771 members out of 797 rating the stock outperform, and 26 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 139 give FLIR Systems a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FLIR Systems is outperform, with an average price target of $28.56.

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The article FLIR Systems Increases Sales but Misses Revenue Estimate 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.

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