The 10-second takeaway
For the quarter ended Sep. 30 (Q3), CIBER missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted to a loss.
Margins shrank across the board.
CIBER chalked up revenue of $215.8 million. The four analysts polled by S&P Capital IQ predicted a top line of $228.1 million on the same basis. GAAP reported sales were 20% lower than the prior-year quarter's $270.7 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 $0.01. The five earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were -$0.13 for Q3 compared to $0.04 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 25.3%, 10 basis points worse than the prior-year quarter. Operating margin was 2.1%, 80 basis points worse than the prior-year quarter. Net margin was -4.4%, 560 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $227.3 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $940.3 million. The average EPS estimate is $0.04.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 130 members out of 140 rating the stock outperform, and 10 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give CIBER a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CIBER is outperform, with an average price target of $4.70.
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