The 10-second takeaway
For the quarter ended March 31 (Q1), Spectranetics beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share stayed the same.
Margins expanded across the board.
Spectranetics booked revenue of $33.3 million. The six analysts polled by S&P Capital IQ wanted to see revenue of $32.4 million on the same basis. GAAP reported sales were 9.4% higher than the prior-year quarter's $30.4 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 $0.00. The six earnings estimates compiled by S&P Capital IQ forecast $0.00 per share. GAAP EPS of $0.00 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 73.0%, 230 basis points better than the prior-year quarter. Operating margin was -0.2%, 20 basis points better than the prior-year quarter. Net margin was 0.0%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $34.3 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $135.9 million. The average EPS estimate is $0.07.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 161 members out of 174 rating the stock outperform, and 13 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Spectranetics a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spectranetics is outperform, with an average price target of $12.25.
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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.