Fusion-io Beats Up on Analysts Yet Again

Fusion-io (NYSE: FIO  ) reported earnings on Jan. 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Fusion-io met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.

Margins grew across the board.

Revenue details
Fusion-io booked revenue of $120.6 million. The 15 analysts polled by S&P Capital IQ predicted revenue of $120.1 million on the same basis. GAAP reported sales were 43% higher than the prior-year quarter's $84.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.13. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.08 per share. GAAP EPS were $0.02 for Q2 compared to -$0.07 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 61.8%, 1,080 basis points better than the prior-year quarter. Operating margin was 5.7%, 1,050 basis points better than the prior-year quarter. Net margin was 1.4%, 820 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $80.4 million. On the bottom line, the average EPS estimate is -$0.08.

Next year's average estimate for revenue is $425.3 million. The average EPS estimate is $0.18.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 235 members out of 262 rating the stock outperform, and 27 members rating it underperform. Among 62 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Fusion-io a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fusion-io is outperform, with an average price target of $32.47.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (3) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 05, 2013, at 10:09 AM, gpickles wrote:

    What a useless article, simply regurgitating the same numbers that were published last week, without providing any insight or context. It doesn't even mention the reason for the revenue drop anticipated for next quarter or even note that it is, in fact, a big drop. Clearly this piece was auto-generated by a bot for no purpose other than to generate cheap clicks. Just a waste of bits and bandwidth. Motley Fool has really gone into the toilet from its early days. Shame.

  • Report this Comment On February 05, 2013, at 10:12 AM, zman4money wrote:

    yep, i agree with you. There are so many auto generated articles like this, like "is company xyz the perfect stock". Noooooo, no company is ever perfect. But they still publish the auto generated articles. I wish they would stop

  • Report this Comment On February 05, 2013, at 2:55 PM, dbensou wrote:

    Agreed, completely useless waste of time.

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12/31/1969 7:00 PM
FIO.DL $0.00 Down +0.00 +0.00%
Fusion-io CAPS Rating: ***