The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Qlik Technologies missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped to zero.
Margins contracted across the board.
Qlik Technologies reported revenue of $86.1 million. The 18 analysts polled by S&P Capital IQ expected revenue of $88.4 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $75.5 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 $0.02. The 20 earnings estimates compiled by S&P Capital IQ averaged $0.03 per share. GAAP EPS dropped to zero from the prior-year quarter's $0.03.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 88.2%, 60 basis points worse than the prior-year quarter. Operating margin was -2.1%, 480 basis points worse than the prior-year quarter. Net margin was 0.2%, 280 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $127.6 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $380.6 million. The average EPS estimate is $0.32.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 410 members out of 440 rating the stock outperform, and 30 members rating it underperform. Among 100 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 96 give Qlik Technologies 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 Qlik Technologies is outperform, with an average price target of $26.13.
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