Aceto (Nasdaq: ACET ) reported earnings on Nov. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Aceto met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Margins grew across the board.
Aceto recorded revenue of $111.7 million. The two analysts polled by S&P Capital IQ expected a top line of $112.4 million on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $101.3 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 $0.18. The two earnings estimates compiled by S&P Capital IQ anticipated $0.19 per share. GAAP EPS of $0.18 for Q1 were 64% higher than the prior-year quarter's $0.11 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 19.2%, 90 basis points better than the prior-year quarter. Operating margin was 6.8%, 100 basis points better than the prior-year quarter. Net margin was 4.3%, 130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $126.5 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $511.1 million. The average EPS estimate is $0.85.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 246 members out of 254 rating the stock outperform, and eight members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Aceto 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 Aceto is buy, with an average price target of $11.75.
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