FLIR Systems (Nasdaq: FLIR ) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), FLIR Systems missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted.
Margins shrank across the board.
FLIR Systems logged revenue of $332.2 million. The 12 analysts polled by S&P Capital IQ predicted revenue of $352.7 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $371.3 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 $0.37. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.36 per share. GAAP EPS of $0.37 for Q3 were 7.5% lower than the prior-year quarter's $0.40 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 52.2%, 220 basis points worse than the prior-year quarter. Operating margin was 22.3%, 160 basis points worse than the prior-year quarter. Net margin was 16.8%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $404.0 million. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $1.44 billion. The average EPS estimate is $1.45.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 785 members out of 810 rating the stock outperform, and 25 members rating it underperform. Among 144 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 142 give FLIR Systems a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FLIR Systems is hold, with an average price target of $22.44.
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