CommVault Systems Outruns Estimates Again
CommVault Systems (NAS: CVLT) reported earnings on Feb. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q3), CommVault Systems beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped.
Margins contracted across the board.
CommVault Systems booked revenue of $103.6 million. The 16 analysts polled by S&P Capital IQ anticipated a top line of $100.4 million. Sales were 24% higher than the prior-year quarter's $83.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.27. The 16 earnings estimates compiled by S&P Capital IQ forecast $0.25 per share on the same basis. GAAP EPS of $0.15 for Q3 were 6.3% lower than the prior-year quarter's $0.16 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 86.9%, 100 basis points worse than the prior-year quarter. Operating margin was 11.9%, 60 basis points worse than the prior-year quarter. Net margin was 6.9%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $105.6 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $396.7 million. The average EPS estimate is $0.97.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 223 members out of 245 rating the stock outperform, and 22 members rating it underperform. Among 81 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give CommVault Systems a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CommVault Systems is hold, with an average price target of $43.92.
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At the time this article was published 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. 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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