Carbonite (Nasdaq: CARB ) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Carbonite met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share contracted.
Margins grew across the board.
Carbonite tallied revenue of $21.6 million. The five analysts polled by S&P Capital IQ anticipated net sales of $21.4 million on the same basis. GAAP reported sales were 35% higher than the prior-year quarter's $15.9 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 -$0.07. The five earnings estimates compiled by S&P Capital IQ predicted -$0.18 per share. GAAP EPS were -$0.13 for Q3 versus -$0.47 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 66.6%, 500 basis points better than the prior-year quarter. Operating margin was -13.6%, 3,310 basis points better than the prior-year quarter. Net margin was -15.6%, 3,100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $23.2 million. On the bottom line, the average EPS estimate is -$0.07.
Next year's average estimate for revenue is $83.6 million. The average EPS estimate is -$0.52.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 16 members out of 45 rating the stock outperform, and 29 members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give Carbonite a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carbonite is outperform, with an average price target of $15.20.
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