The 10-second takeaway
For the quarter ended Sep. 30 (Q3), SodaStream International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Margins grew across the board.
SodaStream International reported revenue of $112.8 million. The nine analysts polled by S&P Capital IQ expected a top line of $105.3 million on the same basis. GAAP reported sales were 43% higher than the prior-year quarter's $78.4 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 $0.87. The five earnings estimates compiled by S&P Capital IQ forecast $0.74 per share. GAAP EPS of $0.80 for Q3 were 60% higher than the prior-year quarter's $0.50 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 54.2%, 70 basis points better than the prior-year quarter. Operating margin was 14.6%, 160 basis points better than the prior-year quarter. Net margin was 14.9%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $113.5 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $409.4 million. The average EPS estimate is $2.33.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 513 members out of 622 rating the stock outperform, and 109 members rating it underperform. Among 144 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give SodaStream International a green thumbs-up, and 35 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on SodaStream International is outperform, with an average price target of $53.99.
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