Cass Information Systems
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Cass Information Systems missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share was unchanged.
Gross margins shrank, operating margins shrank, net margins increased.
Cass Information Systems notched revenue of $27.9 million. The one analyst polled by S&P Capital IQ foresaw revenue of $29.1 million on the same basis. GAAP reported sales were 3.6% lower than the prior-year quarter's $28.9 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 $0.58. The one earnings estimate compiled by S&P Capital IQ forecast $0.58 per share. GAAP EPS of $0.58 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.0%, 530 basis points worse than the prior-year quarter. Operating margin was 28.6%, 410 basis points worse than the prior-year quarter. Net margin was 21.8%, 90 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $29.7 million. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $116.5 million. The average EPS estimate is $2.30.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 79 members out of 85 rating the stock outperform, and six members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Cass Information Systems a green thumbs-up, and three give it a red thumbs-down.
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