The 10-second takeaway
For the quarter ended June 30 (Q1), Capstone Turbine missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share increased.
Gross margins improved, operating margins grew, and net margins contracted.
Capstone Turbine notched revenue of $28.8 million. The five analysts polled by S&P Capital IQ expected revenue of $30.9 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $24.3 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 -$0.03. The four earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS were -$0.03 for Q1 against -$0.01 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 quarter, gross margin was 7.5%, 540 basis points better than the prior-year quarter. Operating margin was -26.0%, 820 basis points better than the prior-year quarter. Net margin was -27.0%, 1,510 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $34.1 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $143.8 million. The average EPS estimate is -$0.05.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 582 members out of 623 rating the stock outperform, and 41 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Capstone Turbine a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Capstone Turbine is outperform, with an average price target of $2.29.
- Add Capstone Turbine to My Watchlist.