The 10-second takeaway
For the quarter ended June 30 (Q2), Perficient beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved.
Margins expanded across the board.
Perficient booked revenue of $81.8 million. The three analysts polled by S&P Capital IQ foresaw sales of $80.5 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $62.6 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 $0.12. The three earnings estimates compiled by S&P Capital IQ averaged $0.14 per share. GAAP EPS of $0.12 for Q2 were 20% higher than the prior-year quarter's $0.10 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 34.4%, 50 basis points better than the prior-year quarter. Operating margin was 10.1%, 40 basis points better than the prior-year quarter. Net margin was 4.6%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $84.5 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $325.9 million. The average EPS estimate is $0.51.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 518 members out of 537 rating the stock outperform, and 19 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 123 give Perficient 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 Perficient is buy, with an average price target of $15.50.
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Editor's note: The margin percentage figures in this article have been updated after publication. We regret the error.
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. The Motley Fool has no positions in the stocks mentioned above. 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.