The 10-second takeaway
For the quarter ended March 31 (Q4), Black Box missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share dropped.
Margins shrank across the board.
Black Box booked revenue of $256.0 million. The two analysts polled by S&P Capital IQ expected revenue of $263.7 million on the same basis. GAAP reported sales were 0.4% higher than the prior-year quarter's $255.0 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 $0.65. The two earnings estimates compiled by S&P Capital IQ anticipated $0.71 per share. GAAP EPS of $0.64 for Q4 were 4.5% lower than the prior-year quarter's $0.67 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 32.3%, 170 basis points worse than the prior-year quarter. Operating margin was 6.4%, 610 basis points worse than the prior-year quarter. Net margin was 4.4%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $266.8 million. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $1.12 billion. The average EPS estimate is $3.17.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 64 members out of 77 rating the stock outperform, and 13 members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 15 give Black Box 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 Black Box is outperform, with an average price target of $31.00.
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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.