Cray (Nasdaq: CRAY ) reported earnings on Nov. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Cray beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP loss per share dropped.
Margins expanded across the board.
Cray booked revenue of $35.7 million. The four analysts polled by S&P Capital IQ hoped for sales of $30.0 million on the same basis. GAAP reported sales were 2.6% lower than the prior-year quarter's $36.7 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 -$0.14. The three earnings estimates compiled by S&P Capital IQ predicted -$0.42 per share. GAAP EPS were -$0.14 for Q3 against -$0.35 per share for 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 48.5%, 410 basis points better than the prior-year quarter. Operating margin was -22.3%, 930 basis points better than the prior-year quarter. Net margin was -14.4%, 1,890 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $211.9 million. On the bottom line, the average EPS estimate is $0.84.
Next year's average estimate for revenue is $438.4 million. The average EPS estimate is $0.81.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 132 members out of 163 rating the stock outperform, and 31 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Cray a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cray is outperform, with an average price target of $14.63.
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