ShoreTel (Nasdaq: SHOR ) is expected to report Q4 earnings on Aug. 14. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ShoreTel's revenues will improve 31.2% and EPS will shrink to a loss.
The average estimate for revenue is $74.2 million. On the bottom line, the average EPS estimate is -$0.03.
Last quarter, ShoreTel logged revenue of $56.3 million. GAAP reported sales were 9.2% higher than the prior-year quarter's $51.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.03. GAAP EPS were -$0.17 for Q3 against -$0.05 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 66.2%, 180 basis points worse than the prior-year quarter. Operating margin was -8.9%, 350 basis points worse than the prior-year quarter. Net margin was -15.1%, 1,050 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $240.2 million. The average EPS estimate is -$0.05.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 128 members out of 136 rating the stock outperform, and eight members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give ShoreTel a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ShoreTel is buy, with an average price target of $8.44.
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