CAE (TSX: CAE) reported earnings on Nov. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), CAE missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share didn't change.
Margins shrank across the board.
CAE reported revenue of $522.2 million. The 13 analysts polled by S&P Capital IQ predicted revenue of $534.2 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $417.3 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 $0.13. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.18 per share. GAAP EPS of $0.14 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.0%, 370 basis points worse than the prior-year quarter. Operating margin was 12.1%, 250 basis points worse than the prior-year quarter. Net margin was 7.1%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $552.4 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $2.17 billion. The average EPS estimate is $0.79.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 91 members out of 100 rating the stock outperform, and nine members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give CAE 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 CAE is outperform, with an average price target of $13.57.