The 10-second takeaway
For the quarter ended June 30 (Q2), CIBER missed slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew to zero.
Margins grew across the board.
CIBER booked revenue of $237.0 million. The five analysts polled by S&P Capital IQ predicted sales of $240.7 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $267.8 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 $0.00. The five earnings estimates compiled by S&P Capital IQ anticipated $0.01 per share. GAAP EPS contracted to zero from the prior-year quarter's -$0.81.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 25.5%, 480 basis points better than the prior-year quarter. Operating margin was 2.0%, 570 basis points better than the prior-year quarter. Net margin was 0.0%, 2,180 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $222.3 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $922.6 million. The average EPS estimate is $0.03.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 133 members out of 143 rating the stock outperform, and 10 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give CIBER a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CIBER is buy, with an average price target of $5.60.
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