ViaSat (Nasdaq: VSAT ) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 29 (Q1), ViaSat beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share shrank to a loss.
Margins contracted across the board.
ViaSat reported revenue of $241.8 million. The 10 analysts polled by S&P Capital IQ predicted sales of $228.6 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $195.1 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 -$0.18. The 10 earnings estimates compiled by S&P Capital IQ anticipated -$0.12 per share. GAAP EPS were -$0.33 for Q1 versus $0.04 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 22.4%, 500 basis points worse than the prior-year quarter. Operating margin was -5.7%, 640 basis points worse than the prior-year quarter. Net margin was -6.0%, 690 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $252.8 million. On the bottom line, the average EPS estimate is -$0.08.
Next year's average estimate for revenue is $1.02 billion. The average EPS estimate is -$0.11.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 90 members out of 101 rating the stock outperform, and 11 members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give ViaSat a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ViaSat is hold, with an average price target of $48.20.
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