The 10-second takeaway
For the quarter ended March 30 (Q1), STAAR Surgical missed estimates on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share was unchanged.
Gross margin and operating margin grew, while net margins contracted.
STAAR Surgical notched revenue of $15.5 million. The five analysts polled by S&P Capital IQ expected net sales of $16.9 million on the same basis. GAAP-reported sales were 4.4% higher than the prior-year quarter's $14.8 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 $0.04. The three earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.01 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 70.3%, 550 basis points better than the prior-year quarter. Operating margin was 1.8%, 40 basis points better than the prior-year quarter. Net margin was 1.5%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $18.5 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $72.8 million. The average EPS estimate is $0.13.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 93 members rating the stock outperform and 13 members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give STAAR Surgical a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on STAAR Surgical is buy, with an average price target of $12.60.
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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.