VOXX International (Nasdaq: VOXX ) reported earnings on Jan. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Nov. 30 (Q3), VOXX International met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Gross margins dropped, operating margins contracted, net margins expanded.
VOXX International booked revenue of $243.0 million. The two analysts polled by S&P Capital IQ expected to see a top line of $240.9 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $206.8 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 $0.56. The two earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. GAAP EPS of $0.56 for Q3 were 47% higher than the prior-year quarter's $0.38 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 28.8%, 10 basis points worse than the prior-year quarter. Operating margin was 8.2%, 70 basis points worse than the prior-year quarter. Net margin was 5.4%, 110 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $217.4 million. On the bottom line, the average EPS estimate is $0.27.
Next year's average estimate for revenue is $844.1 million. The average EPS estimate is $0.81.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 107 members out of 156 rating the stock outperform, and 49 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give VOXX International a green thumbs-up, and 26 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VOXX International is buy, with an average price target of $12.00.
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