Globecomm Systems (Nasdaq: GCOM ) reported earnings on Nov. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Globecomm Systems missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Globecomm Systems logged revenue of $81.2 million. The three analysts polled by S&P Capital IQ expected to see revenue of $83.0 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $71.0 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 $0.12. The three earnings estimates compiled by S&P Capital IQ forecast $0.13 per share. GAAP EPS of $0.12 for Q1 were 71% lower than the prior-year quarter's $0.41 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 21.1%, 550 basis points worse than the prior-year quarter. Operating margin was 5.1%, 80 basis points worse than the prior-year quarter. Net margin was 3.3%, 980 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $85.7 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $350.8 million. The average EPS estimate is $0.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 196 members out of 207 rating the stock outperform, and 11 members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Globecomm Systems a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Globecomm Systems is outperform, with an average price target of $15.37.
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