The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FLIR Systems missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped, and GAAP earnings per share grew.
Margins increased across the board.
FLIR Systems chalked up revenue of $405.2 million. The 13 analysts polled by S&P Capital IQ expected a top line of $436.4 million on the same basis. GAAP reported sales were 6.7% lower than the prior-year quarter's $434.4 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 $0.49. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.45 per share. GAAP EPS of $0.49 for Q4 were 14% higher than the prior-year quarter's $0.43 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 55.5%, 210 basis points better than the prior-year quarter. Operating margin was 27.1%, 390 basis points better than the prior-year quarter. Net margin was 18.8%, 270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $367.1 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $1.63 billion. The average EPS estimate is $1.67.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 807 members rating the stock outperform and 24 members rating it underperform. Among 201 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 199 give FLIR Systems 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 FLIR Systems is hold, with an average price target of $29.50.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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