VeriFone Systems (NYSE: PAY ) is expected to report Q1 earnings on March 5. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict VeriFone Systems's revenues will increase 1.6% and EPS will wither -17.2%.
The average estimate for revenue is $426.2 million. On the bottom line, the average EPS estimate is $0.48.
Last quarter, VeriFone Systems reported revenue of $485.4 million. GAAP reported sales were 18% higher than the prior-year quarter's $410.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.76. GAAP EPS of $0.25 for Q4 were 86% lower than the prior-year quarter's $1.83 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 41.4%, 990 basis points better than the prior-year quarter. Operating margin was 12.0%, 710 basis points better than the prior-year quarter. Net margin was 5.6%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $1.80 billion. The average EPS estimate is $2.10.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VeriFone Systems is hold, with an average price target of $44.75.
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