The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Insulet missed slightly on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP loss per share dropped.
Margins grew across the board.
Insulet recorded revenue of $57.8 million. The 16 analysts polled by S&P Capital IQ predicted net sales of $58.9 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $47.2 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 -$0.21. The 14 earnings estimates compiled by S&P Capital IQ anticipated -$0.22 per share. GAAP EPS were -$0.21 for Q4 against -$0.30 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 43.8%, 130 basis points better than the prior-year quarter. Operating margin was -10.5%, 820 basis points better than the prior-year quarter. Net margin was -17.6%, much better than the prior-year quarter.
Next quarter's average estimate for revenue is $60.2 million. On the bottom line, the average EPS estimate is -$0.20.
Next year's average estimate for revenue is $261.8 million. The average EPS estimate is -$0.49.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 69 members out of 109 rating the stock outperform, and 40 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 24 give Insulet a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Insulet is outperform, with an average price target of $24.24.
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