The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Alere beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP loss per share dropped.
Gross margins dropped, operating margins dropped, net margins expanded.
Alere chalked up revenue of $755.8 million. The 13 analysts polled by S&P Capital IQ expected sales of $716.1 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $651.1 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 $0.55. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.55 per share. GAAP EPS were -$0.84 for Q4 against -$4.90 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 49.5%, 390 basis points worse than the prior-year quarter. Operating margin was 0.1%, 820 basis points worse than the prior-year quarter. Net margin was -8.3%, 4,760 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $722.9 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $2.94 billion. The average EPS estimate is $2.41.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alere is outperform, with an average price target of $25.25.
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