ZAGG (Nasdaq: ZAGG) is expected to report Q3 earnings around Nov. 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ZAGG's revenues will increase 32.4% and EPS will wither 0.0%.
The average estimate for revenue is $60.7 million. On the bottom line, the average EPS estimate is $0.16.
Revenue details
Last quarter, ZAGG chalked up revenue of $61.6 million. GAAP reported sales were 59% higher than the prior-year quarter's $38.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.18. GAAP EPS of $0.18 for Q2 were 80% higher than the prior-year quarter's $0.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 46.1%, 30 basis points better than the prior-year quarter. Operating margin was 17.5%, 190 basis points better than the prior-year quarter. Net margin was 9.4%, 230 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $258.8 million. The average EPS estimate is $0.77.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 258 members out of 365 rating the stock outperform, and 107 members rating it underperform. Among 76 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give ZAGG a green thumbs-up, and 55 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ZAGG is outperform, with an average price target of $17.54.
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