Cerus Misses on Both Revenue and Earnings
Cerus (NAS: CERS) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Cerus missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP loss per share grew.
Gross margins grew, operating margins dropped, net margins dropped.
Cerus notched revenue of $10.2 million. The five analysts polled by S&P Capital IQ predicted a top line of $10.5 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $9.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at -$0.10. The four earnings estimates compiled by S&P Capital IQ predicted -$0.09 per share. GAAP EPS were -$0.10 for Q2 against -$0.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 43.4%, 380 basis points better than the prior-year quarter. Operating margin was -70.0%, much worse than the prior-year quarter. Net margin was -66.2%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $10.4 million. On the bottom line, the average EPS estimate is -$0.09.
Next year's average estimate for revenue is $42.5 million. The average EPS estimate is -$0.44.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 131 members out of 152 rating the stock outperform, and 21 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Cerus a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cerus is buy, with an average price target of $6.88.
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The article Cerus Misses on Both Revenue and Earnings originally appeared on Fool.com.
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