The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ExamWorks Group beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP loss per share shrank.
Gross margins shrank, operating margins expanded, net margins grew.
ExamWorks Group reported revenue of $139.6 million. The four analysts polled by S&P Capital IQ wanted to see a top line of $135.6 million on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $115.3 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 -$0.08. The four earnings estimates compiled by S&P Capital IQ forecast -$0.16 per share. GAAP EPS were -$0.08 for Q4 against -$0.15 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 33.7%, 40 basis points worse than the prior-year quarter. Operating margin was 1.4%, 90 basis points better than the prior-year quarter. Net margin was -1.9%, 250 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $148.2 million. On the bottom line, the average EPS estimate is -$0.06.
Next year's average estimate for revenue is $606.1 million. The average EPS estimate is -$0.33.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 16 members out of 27 rating the stock outperform, and 11 members rating it underperform. Among 10 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give ExamWorks Group a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ExamWorks Group is outperform, with an average price target of $16.17.
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