HollySys Automation Technologies
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), HollySys Automation Technologies missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share grew significantly.
Gross margins contracted, operating margins dropped, net margins expanded.
HollySys Automation Technologies chalked up revenue of $88.1 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $97.8 million on the same basis. GAAP reported sales were 1.0% higher than the prior-year quarter's $87.2 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 $0.27. The one earnings estimate compiled by S&P Capital IQ averaged $0.29 per share. GAAP EPS of $0.27 for Q1 were 17% higher than the prior-year quarter's $0.23 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 34.4%, 340 basis points worse than the prior-year quarter. Operating margin was 16.2%, 130 basis points worse than the prior-year quarter. Net margin was 17.3%, 280 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $99.4 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $390.0 million. The average EPS estimate is $1.10.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 58 members out of 84 rating the stock outperform, and 26 members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give HollySys Automation Technologies a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HollySys Automation Technologies is outperform, with an average price target of $12.20.
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