National Instruments (Nasdaq: NATI) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), National Instruments met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins increased across the board.
Revenue details
National Instruments logged revenue of $290.0 million. The six analysts polled by S&P Capital IQ expected a top line of $289.3 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $255.0 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 $0.26. The five earnings estimates compiled by S&P Capital IQ averaged $0.25 per share. GAAP EPS of $0.20 for Q3 were 82% higher than the prior-year quarter's $0.11 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 74.7%, 30 basis points better than the prior-year quarter. Operating margin was 10.3%, 600 basis points better than the prior-year quarter. Net margin was 8.4%, 340 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $300.5 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $0.98.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 381 members out of 401 rating the stock outperform, and 20 members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give National Instruments 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 National Instruments is outperform, with an average price target of $31.20.
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