The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Luminex beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Luminex reported revenue of $55.5 million. The eight analysts polled by S&P Capital IQ predicted a top line of $54.1 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $47.9 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 $0.12. The six earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share. GAAP EPS of $0.10 for Q4 were 25% higher than the prior-year quarter's $0.08 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 70.9%, 70 basis points better than the prior-year quarter. Operating margin was 13.1%, 90 basis points better than the prior-year quarter. Net margin was 7.7%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $53.6 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $227.9 million. The average EPS estimate is $0.40.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 91 members out of 104 rating the stock outperform, and 13 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Luminex a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Luminex is outperform, with an average price target of $19.92.
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