The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Measurement Specialties met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins increased across the board.
Measurement Specialties booked revenue of $81.6 million. The one analyst polled by S&P Capital IQ wanted to see sales of $81.3 million on the same basis. GAAP reported sales were 6.9% higher than the prior-year quarter's $76.3 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 $0.34. The three earnings estimates compiled by S&P Capital IQ averaged $0.36 per share. GAAP EPS of $0.38 for Q3 were 27% higher than the prior-year quarter's $0.30 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 39.9%, 210 basis points better than the prior-year quarter. Operating margin was 9.4%, 90 basis points better than the prior-year quarter. Net margin was 7.5%, 130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $89.3 million. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $346.7 million. The average EPS estimate is $1.91.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 109 members out of 116 rating the stock outperform, and seven members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Measurement Specialties a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Measurement Specialties is outperform, with an average price target of $37.67.
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