The 10-second takeaway
For the quarter ended March 30 (Q4), ViaSat beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share shrank to a loss.
Margins shrank across the board.
ViaSat booked revenue of $240.5 million. The 10 analysts polled by S&P Capital IQ looked for net sales of $227.4 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $216.4 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 nine earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share. GAAP EPS were -$0.17 for Q4 against $0.28 per share for 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 22.9%, 790 basis points worse than the prior-year quarter. Operating margin was -2.4%, 780 basis points worse than the prior-year quarter. Net margin was -3.1%, 870 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $234.7 million. On the bottom line, the average EPS estimate is -$0.14.
Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is $0.37.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 91 members out of 99 rating the stock outperform, and eight members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give ViaSat a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ViaSat is hold, with an average price target of $49.50.
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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.