Gilat Satellite Networks
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Gilat Satellite Networks beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Gross margins dropped, operating margins increased, net margins dropped.
Gilat Satellite Networks logged revenue of $89.0 million. The three analysts polled by S&P Capital IQ expected revenue of $86.6 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $83.9 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 three earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS of $0.08 for Q3 were 20% lower than the prior-year quarter's $0.10 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 31.9%, 330 basis points worse than the prior-year quarter. Operating margin was 3.6%, 130 basis points better than the prior-year quarter. Net margin was 3.7%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $93.2 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $341.7 million. The average EPS estimate is $0.16.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 131 members out of 135 rating the stock outperform, and four members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Gilat Satellite Networks a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gilat Satellite Networks is buy, with an average price target of $4.50.
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