ORBCOMM (Nasdaq: ORBC ) is expected to report Q1 earnings on May 9. 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 ORBCOMM's revenues will grow 7.7% and EPS will compress -50.0%.
The average estimate for revenue is $17.1 million. On the bottom line, the average EPS estimate is $0.02.
Last quarter, ORBCOMM logged revenue of $16.2 million. GAAP reported sales were 19% higher than the prior-year quarter's $13.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.04. GAAP EPS of $0.04 for Q4 were 300% higher than the prior-year quarter's $0.01 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 51.7%, 150 basis points worse than the prior-year quarter. Operating margin was 13.5%, 600 basis points better than the prior-year quarter. Net margin was 13.1%, 800 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $77.8 million. The average EPS estimate is $0.14.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 48 members out of 61 rating the stock outperform, and 13 members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), nine give ORBCOMM a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ORBCOMM is buy, with an average price target of $4.63.
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