The 10-second takeaway
For the quarter ended Sep. 30 (Q3), ClickSoftware Technologies beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
ClickSoftware Technologies tallied revenue of $27.3 million. The four analysts polled by S&P Capital IQ looked for revenue of $25.4 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $23.2 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 $0.09. The four earnings estimates compiled by S&P Capital IQ forecast $0.07 per share. GAAP EPS of $0.09 for Q3 were 36% lower than the prior-year quarter's $0.14 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 64.0%, 150 basis points worse than the prior-year quarter. Operating margin was 11.4%, 1,150 basis points worse than the prior-year quarter. Net margin was 10.3%, 910 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $29.0 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $98.8 million. The average EPS estimate is $0.27.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 618 members out of 627 rating the stock outperform, and nine members rating it underperform. Among 106 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give ClickSoftware Technologies a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ClickSoftware Technologies is outperform, with an average price target of $9.88.
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