The 10-second takeaway
For the quarter ended Dec. 31 (Q4), CDI met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved, and GAAP loss per share contracted.
Gross margins dropped, operating margins improved, and net margins increased.
CDI booked revenue of $268 million. The four analysts polled by S&P Capital IQ expected a top line of $265.8 million on the same basis. GAAP reported sales were 8.0% higher than the prior-year quarter's $248 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.23. The three earnings estimates compiled by S&P Capital IQ averaged $0.09 per share on the same basis. GAAP EPS were -$0.03 for Q4 compared to -$0.78 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 21%, 10 basis points worse than the prior-year quarter. Operating margin was 2.8%, 250 basis points better than the prior-year quarter. Net margin was -0.2%, 580 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $269.5 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $1.12 billion. The average EPS estimate is $0.83.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CDI is outperform, with an average price target of $15.50.
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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.