American Science & Engineering Beats on Both Top and Bottom Lines

American Science & Engineering (Nasdaq: ASEI ) reported earnings on Aug. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q1), American Science & Engineering beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.

Margins dropped across the board.

Revenue details
American Science & Engineering logged revenue of $47.3 million. The four analysts polled by S&P Capital IQ looked for revenue of $46.4 million on the same basis. GAAP reported sales were 7.4% lower than the prior-year quarter's $51.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.47. The three earnings estimates compiled by S&P Capital IQ averaged $0.29 per share. GAAP EPS of $0.47 for Q1 were 23% lower than the prior-year quarter's $0.61 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 45.4%, 140 basis points worse than the prior-year quarter. Operating margin was 13.4%, 340 basis points worse than the prior-year quarter. Net margin was 8.9%, 220 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $46.9 million. On the bottom line, the average EPS estimate is $0.45.

Next year's average estimate for revenue is $198.5 million. The average EPS estimate is $2.19.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 985 members out of 1,014 rating the stock outperform, and 29 members rating it underperform. Among 278 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 272 give American Science & Engineering a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Science & Engineering is hold, with an average price target of $58.40.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend American Science & Engineering. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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