So, the Wheels Came Off American Science & Engineering's Bus
American Science & Engineering (NAS: ASEI) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), American Science & Engineering whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share increased significantly. GAAP earnings per share dropped significantly.
Margins dropped across the board.
American Science & Engineering notched revenue of $42.3 million. The five analysts polled by S&P Capital IQ predicted revenue of $50.7 million on the same basis. GAAP reported sales were 6.3% higher than the prior-year quarter's $39.8 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 $0.57. The five earnings estimates compiled by S&P Capital IQ predicted $0.66 per share. Non-GAAP EPS of $0.57 for Q4 were 280% higher than the prior-year quarter's $0.15 per share. GAAP EPS of $0.09 for Q4 were 40% lower than the prior-year quarter's $0.15 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 33.7%, much worse than the prior-year quarter. Operating margin was 2.7%, 220 basis points worse than the prior-year quarter. Net margin was 1.8%, 160 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $47.5 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $194.9 million. The average EPS estimate is $2.60.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 961 members out of 989 rating the stock outperform, and 28 members rating it underperform. Among 276 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 272 give American Science & Engineering a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Science & Engineering is hold, with an average price target of $63.00.
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The article So, the Wheels Came Off American Science & Engineering's Bus 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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