The 10-second takeaway
For the quarter ended June 30 (Q1), Black Box missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted significantly.
Margins shrank across the board.
Black Box notched revenue of $247.8 million. The two analysts polled by S&P Capital IQ foresaw revenue of $254.8 million on the same basis. GAAP reported sales were 7.7% lower than the prior-year quarter's $268.4 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 $0.56. The two earnings estimates compiled by S&P Capital IQ predicted $0.62 per share. GAAP EPS of $0.34 for Q1 were 36% lower than the prior-year quarter's $0.53 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 32.0%, 30 basis points worse than the prior-year quarter. Operating margin was 4.8%, 150 basis points worse than the prior-year quarter. Net margin was 2.4%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $275.4 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $1.06 billion. The average EPS estimate is $2.88.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 66 members out of 78 rating the stock outperform, and 12 members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Black Box a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Black Box is hold, with an average price target of $31.00.
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