Ebix (Nasdaq: EBIX ) is expected to report Q2 earnings on Aug. 7. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Ebix's revenues will improve 8.3% and EPS will wane -26.4%.
The average estimate for revenue is $45.8 million. On the bottom line, the average EPS estimate is $0.39.
Last quarter, Ebix logged revenue of $43.8 million. GAAP reported sales were 9.4% higher than the prior-year quarter's $40.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.40. GAAP EPS of $0.40 for Q1 were 8.1% higher than the prior-year quarter's $0.37 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 79.4%, 240 basis points worse than the prior-year quarter. Operating margin was 39.6%, 60 basis points better than the prior-year quarter. Net margin was 35.8%, 210 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $189.3 million. The average EPS estimate is $1.58.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,478 members out of 1,519 rating the stock outperform, and 41 members rating it underperform. Among 318 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 308 give Ebix a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ebix is buy, with an average price target of $29.00.
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