Ebix (Nasdaq: EBIX ) is expected to report Q3 earnings on Nov. 8. 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 Ebix's revenues will grow 19.5% and EPS will shrink -2.4%.
The average estimate for revenue is $50.9 million. On the bottom line, the average EPS estimate is $0.40.
Last quarter, Ebix reported revenue of $47.7 million. GAAP reported sales were 13% higher than the prior-year quarter's $42.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.47. GAAP EPS of $0.47 for Q2 were 11% lower than the prior-year quarter's $0.53 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 80.8%, 190 basis points better than the prior-year quarter. Operating margin was 37.1%, 240 basis points worse than the prior-year quarter. Net margin was 37.9%, 1,500 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $194.6 million. The average EPS estimate is $1.68.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,469 members out of 1,509 rating the stock outperform, and 40 members rating it underperform. Among 327 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 319 give Ebix a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ebix is buy, with an average price target of $26.50.
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