The 10-second takeaway
For the quarter ended March 31 (Q1), CIBER beat expectations on revenues and met expectations on earnings per share.
Compared with the prior-year quarter, revenue shrank and GAAP earnings per share dropped significantly.
Margins dropped across the board.
CIBER reported revenue of $241.0 million. The three analysts polled by S&P Capital IQ expected to see net sales of $233.9 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $282.5 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 $0.01. The five earnings estimates compiled by S&P Capital IQ anticipated $0.01 per share. GAAP EPS of $0.01 for Q1 were 83% lower than the prior-year quarter's $0.06 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 24.3%, 150 basis points worse than the prior-year quarter. Operating margin was 2.9%, 20 basis points worse than the prior-year quarter. Net margin was 0.5%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $237.5 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $968.9 million. The average EPS estimate is $0.05.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 135 members out of 143 rating the stock outperform, and eight members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give CIBER a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CIBER is buy, with an average price target of $5.80.
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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. He is the 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 don't 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.