The 10-second takeaway
For the quarter ended Sep. 30 (Q3), ICON Public beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.
Margins increased across the board.
ICON Public logged revenue of $285.5 million. The 12 analysts polled by S&P Capital IQ predicted revenue of $282.6 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $240.8 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 $0.29. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.27 per share. GAAP EPS were $0.29 for Q3 versus -$0.04 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 35.8%, 160 basis points better than the prior-year quarter. Operating margin was 7.3%, 680 basis points better than the prior-year quarter. Net margin was 6.2%, 730 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $290.7 million. On the bottom line, the average EPS estimate is $0.32.
Next year's average estimate for revenue is $1.10 billion. The average EPS estimate is $0.96.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 345 members out of 354 rating the stock outperform, and nine members rating it underperform. Among 96 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 93 give ICON Public a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ICON Public is outperform, with an average price target of $25.76.
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