Checkpoint Systems (NYSE: CKP ) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 24 (Q2), Checkpoint Systems missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Checkpoint Systems chalked up revenue of $198.4 million. The one analyst polled by S&P Capital IQ foresaw a top line of $203.6 million on the same basis. GAAP reported sales were 8.5% lower than the prior-year quarter's $216.8 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 -$0.19. The one earnings estimate compiled by S&P Capital IQ predicted -$0.07 per share. GAAP EPS were -$2.30 for Q2 versus $0.24 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 36.7%, 250 basis points worse than the prior-year quarter. Operating margin was 1.6%, 630 basis points worse than the prior-year quarter. Net margin was -47.5%, 5,200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $198.0 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $781.0 million. The average EPS estimate is $0.09.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 77 members out of 91 rating the stock outperform, and 14 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Checkpoint 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 Checkpoint Systems is buy, with an average price target of $14.00.