RPX (Nasdaq: RPXC ) is expected to report Q3 earnings on Oct. 30. 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 RPX's revenues will grow 22.4% and EPS will contract 0.0%.
The average estimate for revenue is $47.0 million. On the bottom line, the average EPS estimate is $0.15.
Last quarter, RPX logged revenue of $55.2 million. GAAP reported sales were 42% higher than the prior-year quarter's $38.9 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 $0.29. GAAP EPS of $0.25 for Q2 were 67% higher than the prior-year quarter's $0.15 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 62.9%, 30 basis points better than the prior-year quarter. Operating margin was 39.1%, 550 basis points better than the prior-year quarter. Net margin was 23.9%, 420 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $195.5 million. The average EPS estimate is $0.81.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 128 members out of 129 rating the stock outperform, and one members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give RPX a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RPX is outperform, with an average price target of $23.44.
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