Quality Systems (Nasdaq: QSII ) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q1), Quality Systems missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. GAAP earnings per share shrank significantly.
Margins shrank across the board.
Quality Systems chalked up revenue of $109.5 million. The 18 analysts polled by S&P Capital IQ anticipated net sales of $115.7 million on the same basis. GAAP reported sales were 7.4% lower than the prior-year quarter's $118.3 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 $0.22. The 20 earnings estimates compiled by S&P Capital IQ predicted $0.22 per share. GAAP EPS of $0.22 for Q1 were 15% lower than the prior-year quarter's $0.26 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 56.1%, 300 basis points worse than the prior-year quarter. Operating margin was 17.9%, 200 basis points worse than the prior-year quarter. Net margin was 11.8%, 130 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $118.7 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $481.2 million. The average EPS estimate is $0.97.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,095 members out of 2,165 rating the stock outperform, and 70 members rating it underperform. Among 692 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 680 give Quality Systems a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Quality Systems is hold, with an average price target of $18.37.
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