The 10-second takeaway
For the quarter ended June 30 (Q3), OYO Geospace met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved significantly.
Margins dropped across the board.
OYO Geospace logged revenue of $55.2 million. The four analysts polled by S&P Capital IQ hoped for a top line of $55.2 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $46.4 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 $1.67. The three earnings estimates compiled by S&P Capital IQ anticipated $1.83 per share. GAAP EPS of $1.67 for Q3 were 16% higher than the prior-year quarter's $1.44 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 41.6%, 270 basis points worse than the prior-year quarter. Operating margin was 28.3%, 80 basis points worse than the prior-year quarter. Net margin was 19.4%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $51.2 million. On the bottom line, the average EPS estimate is $1.29.
Next year's average estimate for revenue is $204.2 million. The average EPS estimate is $6.09.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,211 members out of 1,237 rating the stock outperform, and 26 members rating it underperform. Among 397 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 392 give OYO Geospace a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OYO Geospace is buy, with an average price target of $143.60.
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