VeriSign (Nasdaq: VRSN ) is expected to report Q2 earnings on July 25. 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 VeriSign's revenues will grow 10.8% and EPS will expand 22.2%.
The average estimate for revenue is $237.3 million. On the bottom line, the average EPS estimate is $0.55.
Last quarter, VeriSign recorded revenue of $236.4 million. GAAP reported sales were 15% higher than the prior-year quarter's $205.7 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 $0.58. GAAP EPS of $0.52 for Q1 were 24% higher than the prior-year quarter's $0.42 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 80.0%, 10 basis points better than the prior-year quarter. Operating margin was 56.4%, 860 basis points better than the prior-year quarter. Net margin was 35.7%, 260 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $956.5 million. The average EPS estimate is $2.25.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 271 members out of 322 rating the stock outperform, and 51 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give VeriSign a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VeriSign is hold, with an average price target of $42.95.
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