STAAR Surgical (Nasdaq: STAA ) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 29 (Q1), STAAR Surgical beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share stayed the same.
Gross margins were steady, operating margins grew, net margins increased.
STAAR Surgical tallied revenue of $18.0 million. The five analysts polled by S&P Capital IQ hoped for sales of $17.3 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $15.5 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 two earnings estimates compiled by S&P Capital IQ predicted $0.04 per share. Non-GAAP EPS of $0.08 for Q1 were 100% higher than the prior-year quarter's $0.04 per share. GAAP EPS of $0.01 were the same as 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 70.3%, much about the same as the prior-year quarter. Operating margin was 6.0%, 420 basis points better than the prior-year quarter. Net margin was 2.6%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $17.5 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $70.6 million. The average EPS estimate is $0.16.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 78 members out of 87 rating the stock outperform, and nine members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give STAAR Surgical a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on STAAR Surgical is outperform, with an average price target of $8.00.
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