Digi International (Nasdaq: DGII ) reported earnings on Nov. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Digi International met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank significantly.
Gross margins contracted, operating margins were steady, net margins shrank.
Digi International reported revenue of $47.2 million. The four analysts polled by S&P Capital IQ looked for a top line of $47.6 million on the same basis. GAAP reported sales were 8.9% lower than the prior-year quarter's $51.8 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 $0.08. The four earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share. GAAP EPS of $0.09 for Q4 were 18% lower than the prior-year quarter's $0.11 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 53.1%, 100 basis points worse than the prior-year quarter. Operating margin was 9.6%, about the same as the prior-year quarter. Net margin was 5.2%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $47.1 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $202.8 million. The average EPS estimate is $0.38.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 105 members out of 112 rating the stock outperform, and seven members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Digi International 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 Digi International is outperform, with an average price target of $11.67.
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