GeoEye
The 10-second takeaway
For the quarter ended June 30 (Q2), GeoEye met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share expanded.
Gross margins increased, operating margins dropped, and net margins improved.
Revenue details
GeoEye logged revenue of $88.4 million. The five analysts polled by S&P Capital IQ foresaw a top line of $89.3 million on the same basis. GAAP reported sales were 1.4% higher than the prior-year quarter's $87.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.57. The five earnings estimates compiled by S&P Capital IQ anticipated $0.55 per share. GAAP EPS of $0.51 for Q2 were 4.1% higher than the prior-year quarter's $0.49 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 65.7%, 170 basis points better than the prior-year quarter. Operating margin was 25.0%, 210 basis points worse than the prior-year quarter. Net margin was 15.9%, 50 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $91.9 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $365.9 million. The average EPS estimate is $2.27.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 481 members rating the stock outperform and 15 members rating it underperform. Among 124 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 120 give GeoEye 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 GeoEye is outperform, with an average price target of $22.08.
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