The 10-second takeaway
For the quarter ended March 31 (Q1), CDI beat expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased significantly.
Gross margin contracted, operating margin improved, and net margin expanded.
CDI logged revenue of $280.6 million. The three analysts polled by S&P Capital IQ predicted sales of $269.5 million on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $256.6 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 $0.20. The three earnings estimates compiled by S&P Capital IQ forecast $0.17 per share. GAAP EPS of $0.20 for Q1 were 400% higher than the prior-year quarter's $0.04 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 19.8%, 140 basis points worse than the prior-year quarter. Operating margin was 2.6%, 150 basis points better than the prior-year quarter. Net margin was 1.4%, 110 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $277.1 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $1.12 billion. The average EPS estimate is $0.83.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CDI is outperform, with an average price target of $18.00.
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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.