The 10-second takeaway
For the quarter ended March 31 (Q1), Callidus Software missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP loss per share grew.
Gross margins increased, operating margins dropped, net margins dropped.
Callidus Software booked revenue of $22.0 million. The six analysts polled by S&P Capital IQ predicted sales of $22.6 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $19.8 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 -$0.03. The six earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS were -$0.20 for Q1 compared to -$0.07 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 45.7%, 610 basis points better than the prior-year quarter. Operating margin was -22.2%, 1,020 basis points worse than the prior-year quarter. Net margin was -31.7%, 1,940 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $23.2 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $95.7 million. The average EPS estimate is $0.04.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 59 members out of 63 rating the stock outperform, and four members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Callidus Software a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Callidus Software is outperform, with an average price target of $9.00.
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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.