The 10-second takeaway
For the quarter ended Sep. 30 (Q1), MICROS Systems met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased.
Margins shrank across the board.
MICROS Systems notched revenue of $299.9 million. The 12 analysts polled by S&P Capital IQ predicted revenue of $300.0 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $256.6 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 $0.57. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.54 per share. GAAP EPS of $0.50 for Q1 were 11% higher than the prior-year quarter's $0.45 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 51.1%, 520 basis points worse than the prior-year quarter. Operating margin was 18.2%, 260 basis points worse than the prior-year quarter. Net margin was 13.7%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $319.6 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $1.32 billion. The average EPS estimate is $2.43.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 124 members out of 133 rating the stock outperform, and nine members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give MICROS Systems 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 MICROS Systems is outperform, with an average price target of $58.70.
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