ICON (Nasdaq: ICLR ) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), ICON missed slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded.
Gross margins contracted, operating margins contracted, and net margins were steady.
ICON notched revenue of $252.3 million. The 10 analysts polled by S&P Capital IQ expected revenue of $256.7 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $229.3 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 $0.15. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.15 per share. GAAP EPS of $0.15 for Q1 were 7.1% higher than the prior-year quarter's $0.14 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 35.7%, 130 basis points worse than the prior-year quarter. Operating margin was 4.6%, 240 basis points worse than the prior-year quarter. Net margin was 3.6%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $268.1 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $1.10 billion. The average EPS estimate is $1.00.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 354 members out of 364 rating the stock outperform, and 10 members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 105 give ICON a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ICON is hold, with an average price target of $22.28.
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