The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Intermec missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share increased significantly.
Gross margins were steady, operating margins increased, net margins expanded.
Intermec notched revenue of $192.8 million. The two analysts polled by S&P Capital IQ expected net sales of $202.5 million on the same basis. GAAP reported sales were 9.0% lower than the prior-year quarter's $211.8 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 $0.12. The one earnings estimate compiled by S&P Capital IQ forecast $0.11 per share. GAAP EPS of $0.12 for Q3 were much higher than the prior-year quarter's $0.01 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 41.5%, about the same as the prior-year quarter. Operating margin was 2.7%, 170 basis points better than the prior-year quarter. Net margin was 3.7%, 340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $236.0 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $818.0 million. The average EPS estimate is -$0.02.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 105 members out of 132 rating the stock outperform, and 27 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Intermec a green thumbs-up, and six give it a red thumbs-down.
Looking to profit from the makers of computer hardware? You may be missing something obvious about where the money will be made in the tech industry of the future. Is Intermec on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Intermec to My Watchlist.