Polycom (Nasdaq: PLCM ) reported earnings on April 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Polycom met expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted significantly.
Margins shrank across the board.
Polycom logged revenue of $367.5 million. The 13 analysts polled by S&P Capital IQ anticipated revenue of $367.2 million on the same basis. GAAP reported sales were 6.8% higher than the prior-year quarter's $344.2 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 $0.22. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.22 per share on the same basis. GAAP EPS of $0.08 for Q1 were 58% lower than the prior-year quarter's $0.19 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 58.7%, 110 basis points worse than the prior-year quarter. Operating margin was 6.8%, 510 basis points worse than the prior-year quarter. Net margin was 4.1%, 580 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $381.6 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $1.57 billion. The average EPS estimate is $1.03.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 191 members out of 213 rating the stock outperform, and 22 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Polycom a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Polycom is outperform, with an average price target of $24.32.
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