Bally Technologies (NYSE: BYI ) reported earnings on Feb. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Bally Technologies beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share expanded.
Gross margins shrank, operating margins expanded, net margins dropped.
Bally Technologies notched revenue of $210.5 million. The 12 analysts polled by S&P Capital IQ predicted a top line of $203.1 million. Sales were 15% higher than the prior-year quarter's $182.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.54. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.51 per share. GAAP EPS of $0.54 for Q2 were 10% higher than the prior-year quarter's $0.49 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 63.0%, 100 basis points worse than the prior-year quarter. Operating margin was 20.5%, 100 basis points better than the prior-year quarter. Net margin was 11.5%, 340 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $225.5 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $860.0 million. The average EPS estimate is $2.38.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 128 members out of 173 rating the stock outperform, and 45 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Bally Technologies a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bally Technologies is outperform, with an average price target of $43.04.
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