Electronics for Imaging
The 10-second takeaway
For the quarter ended March 31 (Q1), Electronics for Imaging beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share stayed the same.
Gross margins shrank, operating margins expanded, net margins dropped.
Electronics for Imaging recorded revenue of $160.1 million. The three analysts polled by S&P Capital IQ predicted a top line of $155.0 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $140.1 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 $0.30. The three earnings estimates compiled by S&P Capital IQ predicted $0.28 per share on the same basis. GAAP EPS of $0.13 were the same as 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 54.8%, 140 basis points worse than the prior-year quarter. Operating margin was 5.5%, 50 basis points better than the prior-year quarter. Net margin was 3.9%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $157.3 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $660.3 million. The average EPS estimate is $1.30.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 50 members out of 61 rating the stock outperform, and 11 members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 give Electronics for Imaging a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Electronics for Imaging is buy, with an average price target of $20.67.
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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.