Deltek Increases Sales but Misses Revenue Estimate
Deltek (NAS: PROJ) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Deltek missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share improved.
Margins improved across the board.
Deltek recorded revenue of $87.4 million. The five analysts polled by S&P Capital IQ expected to see revenue of $88.8 million on the same basis. GAAP reported sales were 1.5% higher than the prior-year quarter's $86.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.15. The four earnings estimates compiled by S&P Capital IQ averaged $0.14 per share on the same basis. GAAP EPS were $0.05 for Q4 versus -$0.13 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 66.7%, 670 basis points better than the prior-year quarter. Operating margin was 11.9%, 1,250 basis points better than the prior-year quarter. Net margin was 3.4%, 1,260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $84.7 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $372.3 million. The average EPS estimate is $0.56.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 25 members out of 49 rating the stock outperform, and 24 members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Deltek a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Deltek is hold, with an average price target of $8.70.
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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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