American Science & Engineering
The 10-second takeaway
For the quarter ended March 31 (Q4), American Science & Engineering whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share increased significantly. GAAP earnings per share dropped significantly.
Margins dropped across the board.
American Science & Engineering notched revenue of $42.3 million. The five analysts polled by S&P Capital IQ predicted revenue of $50.7 million on the same basis. GAAP reported sales were 6.3% higher than the prior-year quarter's $39.8 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 $0.57. The five earnings estimates compiled by S&P Capital IQ predicted $0.66 per share. Non-GAAP EPS of $0.57 for Q4 were 280% higher than the prior-year quarter's $0.15 per share. GAAP EPS of $0.09 for Q4 were 40% lower than the prior-year quarter's $0.15 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.7%, much worse than the prior-year quarter. Operating margin was 2.7%, 220 basis points worse than the prior-year quarter. Net margin was 1.8%, 160 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $47.5 million. On the bottom line, the average EPS estimate is $0.62.
Next year's average estimate for revenue is $194.9 million. The average EPS estimate is $2.60.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 961 members out of 989 rating the stock outperform, and 28 members rating it underperform. Among 276 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 272 give American Science & Engineering a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Science & Engineering is hold, with an average price target of $63.00.
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