Smart Balance (Nasdaq: SMBL ) is expected to report Q3 earnings on Nov. 8. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Smart Balance's revenues will grow 40.4% and EPS will wither -33.3%.
The average estimate for revenue is $100.6 million. On the bottom line, the average EPS estimate is $0.04.
Last quarter, Smart Balance tallied revenue of $76.0 million. GAAP reported sales were 29% higher than the prior-year quarter's $59.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.05. GAAP EPS of $0.01 for Q2 were 83% lower than the prior-year quarter's $0.06 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 42.1%, 560 basis points worse than the prior-year quarter. Operating margin was 7.9%, 470 basis points worse than the prior-year quarter. Net margin was 0.6%, 500 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $368.1 million. The average EPS estimate is $0.21.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 257 members out of 276 rating the stock outperform, and 19 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Smart Balance a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Smart Balance is outperform, with an average price target of $8.39.
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