VASCO Data Security International
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), VASCO Data Security International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased significantly.
Gross margins contracted, operating margins contracted, net margins expanded.
VASCO Data Security International booked revenue of $36.3 million. The four analysts polled by S&P Capital IQ looked for net sales of $36.0 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $41.4 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 $0.12. The five earnings estimates compiled by S&P Capital IQ forecast $0.07 per share. GAAP EPS of $0.12 for Q3 were 140% higher than the prior-year quarter's $0.05 per share. (The prior-year quarter included -$0.10 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 65.7%, 140 basis points worse than the prior-year quarter. Operating margin was 17.3%, 70 basis points worse than the prior-year quarter. Net margin was 12.4%, 700 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $37.5 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $152.4 million. The average EPS estimate is $0.40.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,948 members out of 2,014 rating the stock outperform, and 66 members rating it underperform. Among 448 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 439 give VASCO Data Security International a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VASCO Data Security International is outperform, with an average price target of $11.06.
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