The 10-second takeaway
For the quarter ended March 31 (Q1), Inteliquent met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share contracted.
Margins dropped across the board.
Inteliquent reported revenue of $70.7 million. The six analysts polled by S&P Capital IQ foresaw a top line of $70.8 million on the same basis. GAAP reported sales were 6.4% higher than the prior-year quarter's $66.4 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 $0.21. The five earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.21 for Q1 were 13% lower than the prior-year quarter's $0.24 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 40.5%, 640 basis points worse than the prior-year quarter. Operating margin was 14.9%, 660 basis points worse than the prior-year quarter. Net margin was 9.4%, 290 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $72.3 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $295.0 million. The average EPS estimate is $0.83.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 900 members out of 922 rating the stock outperform, and 22 members rating it underperform. Among 225 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 221 give Inteliquent a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Inteliquent is outperform, with an average price target of $14.00.
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