Electronics for Imaging
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Electronics for Imaging met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins contracted, net margins grew.
Electronics for Imaging reported revenue of $154.1 million. The three analysts polled by S&P Capital IQ expected revenue of $153.3 million on the same basis. GAAP reported sales were 4.6% higher than the prior-year quarter's $147.3 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 $0.28. The four earnings estimates compiled by S&P Capital IQ anticipated $0.26 per share. GAAP EPS of $0.28 for Q3 were 115% higher than the prior-year quarter's $0.13 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 53.9%, 230 basis points worse than the prior-year quarter. Operating margin was 4.1%, 200 basis points worse than the prior-year quarter. Net margin was 8.7%, 450 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $168.3 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $645.7 million. The average EPS estimate is $1.19.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 52 members out of 63 rating the stock outperform, and 11 members rating it underperform. Among 15 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Electronics for Imaging 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 Electronics for Imaging is buy, with an average price target of $20.33.
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