PRGX Global (Nasdaq: PRGX ) reported earnings on Oct. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), PRGX Global missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew significantly.
Margins expanded across the board.
PRGX Global reported revenue of $52.1 million. The four analysts polled by S&P Capital IQ predicted revenue of $54.4 million on the same basis. GAAP reported sales were 0.6% higher 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 $0.10. The two earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share. GAAP EPS of $0.10 for Q3 were 400% higher than the prior-year quarter's $0.02 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 37.7%, 390 basis points better than the prior-year quarter. Operating margin was 6.2%, 110 basis points better than the prior-year quarter. Net margin was 4.9%, 410 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $56.1 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $213.8 million. The average EPS estimate is $0.22.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 143 members out of 153 rating the stock outperform, and 10 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give PRGX Global a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PRGX Global is buy, with an average price target of $10.81.
Is PRGX Global playing the right part in the new technology revolution? Computers, mobile devices, and related services are creating huge amounts of valuable data, but only for companies that can crunch the numbers and make sense of it. Meet the leader in this field in "The Only Stock You Need To Profit From the NEW Technology Revolution." Click here for instant access to this free report.
- Add PRGX Global to My Watchlist.