The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Measurement Specialties missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded significantly.
Margins increased across the board.
Measurement Specialties recorded revenue of $87.8 million. The three analysts polled by S&P Capital IQ looked for revenue of $89.5 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $73.2 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 $0.52. The three earnings estimates compiled by S&P Capital IQ predicted $0.50 per share. GAAP EPS of $0.64 for Q2 were 52% higher than the prior-year quarter's $0.42 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 42.1%, 110 basis points better than the prior-year quarter. Operating margin was 12.9%, 150 basis points better than the prior-year quarter. Net margin was 11.9%, 280 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $89.9 million. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $361.0 million. The average EPS estimate is $2.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 111 members out of 117 rating the stock outperform, and six members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Measurement Specialties a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Measurement Specialties is outperform, with an average price target of $41.25.
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