VASCO Data Security International
The 10-second takeaway
For the quarter ended June 30 (Q2), VASCO Data Security International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins expanded across the board.
VASCO Data Security International recorded revenue of $46.6 million. The five analysts polled by S&P Capital IQ predicted net sales of $44.2 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $42.1 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 $0.19. The four earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. GAAP EPS of $0.18 for Q2 were 157% higher than the prior-year quarter's $0.07 per share. (The prior-year quarter included -$0.02 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 63.1%, 200 basis points better than the prior-year quarter. Operating margin was 19.3%, 970 basis points better than the prior-year quarter. Net margin was 15.4%, 920 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $43.7 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $173.1 million. The average EPS estimate is $0.60.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,960 members out of 2,026 rating the stock outperform, and 66 members rating it underperform. Among 452 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 443 give VASCO Data Security International a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on VASCO Data Security International is outperform, with an average price target of $10.56.
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