The 10-second takeaway
For the quarter ended March 31 (Q1), Luminex met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Luminex reported revenue of $48.7 million. The 10 analysts polled by S&P Capital IQ expected a top line of $48.4 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $43.3 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 $0.08. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.09 per share. GAAP EPS of $0.08 for Q1 were 27% lower than the prior-year quarter's $0.11 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 69.3%, 170 basis points worse than the prior-year quarter. Operating margin was 11.5%, 770 basis points worse than the prior-year quarter. Net margin was 7.2%, 310 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $51.1 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $211.1 million. The average EPS estimate is $0.49.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 91 members out of 104 rating the stock outperform, and 13 members rating it underperform. Among 29 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Luminex a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Luminex is hold, with an average price target of $21.00.
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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.