The 10-second takeaway
For the quarter ended Dec. 31 (Q4), SciQuest missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
SciQuest reported revenue of $19.7 million. The nine analysts polled by S&P Capital IQ expected to see a top line of $20.3 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $14.2 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 $0.07. The eight earnings estimates compiled by S&P Capital IQ averaged $0.06 per share. GAAP EPS were -$0.11 for Q4 compared to $0.05 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 67.8%, 540 basis points worse than the prior-year quarter. Operating margin was -10.6%, 2,440 basis points worse than the prior-year quarter. Net margin was -12.4%, 2,000 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $20.7 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $92.0 million. The average EPS estimate is $0.41.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 19 members out of 25 rating the stock outperform, and six members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give SciQuest 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 SciQuest is outperform, with an average price target of $19.75.
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