American Science & Engineering
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), American Science & Engineering missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share increased slightly.
Gross margins contracted, operating margins grew, net margins expanded.
American Science & Engineering reported revenue of $46.3 million. The four analysts polled by S&P Capital IQ looked for revenue of $50.1 million on the same basis. GAAP reported sales were 16% lower than the prior-year quarter's $54.8 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 $0.76. The four earnings estimates compiled by S&P Capital IQ forecast $0.56 per share. GAAP EPS of $0.76 for Q2 were 2.7% higher than the prior-year quarter's $0.74 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 45.4%, 50 basis points worse than the prior-year quarter. Operating margin was 20.7%, 210 basis points better than the prior-year quarter. Net margin was 13.8%, 130 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $50.8 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $202.0 million. The average EPS estimate is $2.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 976 members out of 1,005 rating the stock outperform, and 29 members rating it underperform. Among 301 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 294 give American Science & Engineering a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Science & Engineering is outperform, with an average price target of $62.80.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend American Science & Engineering. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.