The 10-second takeaway
For the quarter ended March 31 (Q1), ClickSoftware Technologies met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased, while GAAP earnings per share dropped significantly.
Margins contracted across the board.
ClickSoftware Technologies chalked up revenue of $21.8 million. The five analysts polled by S&P Capital IQ anticipated sales of $21.7 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $19.3 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 $0.02. The one earnings estimate compiled by S&P Capital IQ averaged $0.05 per share. GAAP EPS of $0.02 for Q1 were 71% lower than the prior-year quarter's $0.07 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 56.9%, 410 basis points worse than the prior-year quarter. Operating margin was 2.3%, 1,210 basis points worse than the prior-year quarter. Net margin was 3.2%, 840 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $24.5 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $101.8 million. The average EPS estimate is $0.52.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 604 members rating the stock outperform and 10 members rating it underperform. Among 117 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 117 give ClickSoftware Technologies a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ClickSoftware Technologies is outperform, with an average price target of $13.25.
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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. Motley Fool newsletter services have recommended buying shares of ClickSoftware Technologies. 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.