Quidel (Nasdaq: QDEL ) is expected to report Q1 earnings on April 23. 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 Quidel's revenues will increase 64.9% and EPS will increase from $0.00 per share the prior year.
The average estimate for revenue is $62.6 million. On the bottom line, the average EPS estimate is $0.44.
Last quarter, Quidel chalked up revenue of $53.9 million. GAAP reported sales were 40% higher than the prior-year quarter's $38.4 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 $0.37. GAAP EPS of $0.25 for Q4 were much higher than the prior-year quarter's $0.03 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 68.7%, much better than the prior-year quarter. Operating margin was 27.5%, much better than the prior-year quarter. Net margin was 16.2%, much better than the prior-year quarter.
The full year's average estimate for revenue is $184.9 million. The average EPS estimate is $0.70.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 165 members out of 173 rating the stock outperform, and eight members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Quidel a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quidel is outperform, with an average price target of $19.75.
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