ZAGG (Nasdaq: ZAGG) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ZAGG's revenue will improve 50.7%.
The average estimate for revenue is $58.4 million. On the bottom line, the average EPS estimate is $0.19.
Revenue details
Last quarter, ZAGG notched revenue of $55.5 million. GAAP reported sales were much higher than the prior-year quarter's $27.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.16. GAAP EPS of $0.16 for Q1 were 23% higher than the prior-year quarter's $0.13 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 48.5%, 210 basis points worse than the prior-year quarter. Operating margin was 18.4%, 30 basis points better than the prior-year quarter. Net margin was 9.2%, 310 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $261.2 million. The average EPS estimate is $0.89.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 249 members out of 392 rating the stock outperform, and 143 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give ZAGG a green thumbs-up, and 83 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ZAGG is buy, with an average price target of $17.31.
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